RE: RE: Uranium Play,You say that the last Q they did not produce any Uranium only gold?
Which Q are you talking about? From what I have seen they did indeed produce Uranium, but if I recall they did not sell any.
This latest Q they still produced Uranium even with the plant down, and that was because they produced it before the column failed.
Q 3 I don't think you will see any U production.
Now as far as your statement that they did not produce gold profitably, you might want to read up a bit more on that. MWS certainly did, good profits there, but was that profit sucked down by the money they poured into Ezulwini which showed an extremely high recovery price for the gold. Just ask Hmmmmie boy he kept a running joke going about the Ezulwini cost per ounce. As was indicated in Q1 report, the cost of production at Ezulwini will drop over time, it already has apparently.
Remember, they include all the Capital costs in the total cost per ounce of gold produced. Those costs will drop in the next Q and more significantly at the end of fiscal 2011 and they expect to show a profit that AFTER capital costs meaning.............. they are making money after ALL expenses.
I'm not trying to pick a fight with you new guys, it's just that to call FIU a uranium company is incorrect.
We had a big discussion on this very subject here a few months back wondering if the company should really change their name to something with gold in it.