Gold for thoughtI just posted the following on SOC board. Some may find it useful, some not. Just fine with me.
I do not visit SOC board much lately because it makes horse sense by those who own CAN shares and who refuse to believe SOC has a strong legal case. It is funny.
Guess what? I found a Uranium play that had fallen fron 12 bucks to under a buck producing 35,000 ounces of gold. It is FIu, a stock I have not looked at for quite a while until someone on HNU board mentioned it was moving up. I went to look and siscover a gold mine. I bought big for a measleyt $1.05 and it closed at $1.18.
Everybody was caught asleep because they did not read, or did not pay attention to the following news release in October:
"TORONTO and JOHANNESBURG, Oct. 20, 2010 (Canada NewsWire via COMTEX News Network) --
All amounts are in US dollars unless otherwise noted.
First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the Company") today announced that during the three months ended September 30, 2010 ("Q2 2011"), 14,820 ounces of gold were produced from the Ezulwini Mine and 18,598 ounces of gold from the Mine Waste Solutions tailings recovery project ("MWS") in South Africa.
The Ezulwini Mine also produced 12,753 pounds of uranium in the form of yellowcake ("ammonium diuranate") and 31,408 pounds in the form of uranium.
Gold production at the Ezulwini Mine was slightly higher than last quarter and the upgraded backfill plant has been commissioned, which will enhance future production output. The MWS production build-up remains on-track and all projects are on schedule. MWS has delivered its third successive quarter of achieving, or improving on, its market guidance."
I do not own CAN because I believe I will buy it for less. I have plenty of SOC.