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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Energy
Forsys Metals Corp. is a Canada-based company, which is engaged in the business of acquiring, exploring and developing mineral properties. The Company is principally focused on advancing the Norasa Uranium Project, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd comprising the Valencia Uranium deposit (ML149) and the nearby Namibplaas Uranium deposit (EPL3638) in the politically friendly jurisdiction of Namibia. The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.


TSX:FSY - Post by User

Forsys Metals Corp
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(5)
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Comment by norim109on Jul 02, 2009 10:53am
490 Views
Post# 16112568

RE: RE: Technical report

RE: RE: Technical reportYou are right if you make the assumption that the $570M acquisition cost has a 0% discount rate. At a 3% discount rate GFI will have recover its acquisition cost in year 2022 or later.  With a long term price of $70/pound it is not a good investment for GFI. GFI has probably based its evaluation on higher long term prices for uranium (over 90$) which would make the acquisition of FSY very profitable. At 70% the return on investment for GFI is marginal.
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