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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by shiftmanon Mar 15, 2010 12:07am
208 Views
Post# 16882107

funding

fundingIf we don't have to pay the penalty to GW 42 million.

If we don't have to pay simmers loan

We don't need the 164 million which was the original amount.

The tailing was estimated i believe at 18 million, however with this company we should add a bit so lets say 31 million. Then they must biult and commission the 3rd plant.

But they had dept of about 90 so we still need a chunk of change.

But 2010 income is around 190 million although some of this uranium part will not be on the books for at least 3 months i believe bob stated.

Never the less once input is ramped up income will increase. They don't have to idle a plant now because they were doing this to make the existing tails pond last until next year, or until the new one is permited and constructed.

So i believe and will bet they need about 140 million to complete all work.

But this should take care of dept and give them working capital.

Unless they starting paying miller wages of over 9million .
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