First Uranium Corporation T.FIU

RE: Deon's doing i!

[lefmike1]

Okay  they drop a bit  of production for Q4 at Ezulwini  but make most of it up with MSW


This is very good news in my mind.

MetalManiac was right though,  they might be needing more money for some other work  ..  That might put a bit of a damper on this  but I see nothing to stop this from going higher in the future...


OUTLOOK

Mine Waste Solutions: As a result of MWS exceeding its plan for the nine months ending December 2010 by approximately 6,500 ounces, guidance for FY 2011 has been upgraded from 72,000 ounces to between 78,500 ounces and 80,000 ounces. This is a 9% improvement on the production plan for the nine months ending December 2010 which was achieved at an average Cash Cost* of $488/oz.

Ezulwini Mine: The work program around the hanging tower is expected to be completed by the end of April 2011. As a result of the shaft work program, FY 2011 gold forecast has been downgraded from 80,000 ounces to between 69,000 ounces and 70,000 ounces. The IX columns in the uranium plant are planned for commissioning during the end of Q4 2011, allowing the resumption of uranium production. Uranium production in FY 2012 is expected to be between 120,000 pounds and 140,000 pounds at cash costs of approximately $53/lb