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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Energy
Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the acquisition, exploration and development of mineral properties. It is focused on advancing its wholly owned Norasa Uranium Project, located in the jurisdiction of Namibia, Africa, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). 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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Post by cdnbeauon Jan 06, 2007 4:14pm
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Post# 11967394

Does the U concentration worry you??

Does the U concentration worry you??.02% not great in my books - UPC is .23% and KRI is .16%. Is it much cheaper to mine in Namibia??? PDN is .06%. I hear the new mining should clarify some richer deposits?? .02% is .44 lb per ton, which is $31/tonne. Some gold miners make do with 1g Au/tonne (about $30/tonne), so maybe we are okay here. Is U mining cheaper than gold mining?? Your opinions/corrections/clarifications much appreciated. Oh also love the recent buying buy the CEO!!
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Dealroom for high-potential pre-IPO opportunities