news update - full steam aheadhttps://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-649729-C:FIU&symbol=FIU&news_region=C
Well, we are going to be doing 2 million lb+/year of U3O8 and 465,000 oz of gold in less than 2 years. We are valued at 1.1 billion $ can.
For comparison, PDN is valued at 4.6 billion $ can with annual production in 2007 of 2.6 million lb of U3O8...ONLY.
And, we have about 3x their total inferred+measured+probable reserve.
We have more than 300 million lb of U3O8 (with however a larger % inferred) compared with about 105 million lb of U3O8 (ref p.3 https://www.paladinresources.com.au/aurora/assets/user_content/File/07.01.31_December_2006_Quarterly_Report.pdf)
And, in 2010, we will be at 545,000 oz and 2.3 million lb of U3O8 as reported by Simmers (owner at 67% of FIU).
ref. (https://jsefin.hosted.inet.co.za/news/story/2182927)
Bottom line: this should be a 20-30$ stock. Within 2 years, 70-75$.
When you look at some juniors valued at 200-300 million$ with 1/10-1/50 th of their reserve, I think it's a steal. We'll see what the market thinks. This will be a significant producer within 18 months (U3O8) and large gold producer (600K in 2010 is the size of Gammon Lake alone which is valued at 2 billion $ now with 400,000 oz)