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.

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Forsys Metals Corp

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Comment by fritz3on Mar 16, 2009 4:25pm

557 Views

Post# 15847827

RE: READ THIS CAREFULLY

Hi losvegas,

I think the Korean theory is a very promising one! They were interested in Forsys in 2007 (the MOU that was canceled later). They could be back now with a new partner.

South Korea depends heavily on uranium imports. They don't have any uranium deposits in South Korea. And take a look at www.khnp.co.kr. South Korea has 20 nuclear power plants under operation, 5 under construction and another 3 firmly planned. These 8 new reactors should become operational between 2010 and 2016. That's a capacity increase by 40 percent.

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