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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by lefmike1on Oct 21, 2010 10:34am
165 Views
Post# 17592537

RE: Costs still unknown...

RE: Costs still unknown...That's a very good question Toroutlaw, one that will be answered in June next year ( hopefully before then )

I doubt based on the new managements earlier statements and how they are progressing, the company will need additional funds to complete the present projects. 
They have 150 mill and the work they are presently doing is suppose to be considerably less than that  CATCH WORD  PRESENTLY..
If the company shows an overall profit by Q4 AFTER CAP costs then I see them looking at further expansion into other mining assets.  Simmers has basically indicated that previously and they do have a lot of pull with this puppy.

Then I can see them diluting shares to acquire additional assets.. Grow the company..  But let's not get ahead of ourselves, lets get these two projects up and runnign smootly then take a look at other possibilities.

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