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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

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

Post by nozzpackon Aug 30, 2022 6:29pm
273 Views
Post# 34930963

Uranium rises to $50.5 US

Uranium rises to $50.5 USNorassa is still the largest advanced Uranium deposit in the world .
The next is Dumas which has 68 million lbs.

At current prices of $50.5 US and average production of 5.2 million kbs per year, Norassa Will gross $280 million US per year which is about $340 million in CAD.

Operatiinal optimization studies  is underway to reduce AISC below the current $35 per lb to less than $30 per lb.

Production volumes  is the key and Norassa leads the pack.

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