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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 Dirkixon May 16, 2007 12:03pm
266 Views
Post# 12789822

operating cost

operating cost900K We have an average grade of 0.125 kg/t U3O8 and operating cost has been estimated at USD 10.08/t. So we need to mill nearly 4 tonnes to get one pound U3O8 4 x 0,125 kg/t = 500 kg/4t exact we have 38.5 USD/lb If I remember correct alphabeta estimated this some weeks before... IMO okay with a price of 120 USD/lb U3O8 actually! For example PDN had a BFS with operating costs of average USD 14.18/lb U3O8 using an Uraniumprice of 26 Dollar/lb.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities