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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

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

Bullboard Posts
Post by paljoeyon Mar 02, 2009 9:05am
384 Views
Post# 15813293

7 % more gains here

7 % more gains hereThere is still a garanteed 7 % upside here for just a few weeks more waiting.
I will hold.

If you have already sold and looking for a good inverstment , see  Orvana ( ORV  at $0.75 )) which has over $120 million in cash ( $1.05 per share ) and produciing low cost gold with no debt, and  Gobimin ( GMN / $0.75 ) which sold out its nickle mines in 2008 for $115 million in cash ( $1.63 /share ) and is now waiting for the turnaround to put its low-cost copper mine into production.

When you can buy hard cash at these levels, the upside is quite good , while no downside risk due to cash and being debt-free
Bullboard Posts