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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by knowsnothing613on Oct 21, 2010 9:54am
146 Views
Post# 17592140

RE: Uranium Play,

RE: Uranium Play,err.. yes, it produces gold. but does it produce gold profitably?

If you look @ the last quarter, they didn't produce any uranium, only gold, and eeked out a very small gross profit.  Even with gold @ 1200-1300!  There gold recovery rate is also pretty low.

This will change with the new gold module coming on line.  Which is why I got in yesterday. If they can't be hugely profitable with U & gold @ these prices, then I deserve to lose my money, for believing in the competency of humanity.
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