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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by uranicynicon Jun 10, 2011 1:57pm
197 Views
Post# 18700107

RE: RE: RE: RE: Thinking laterally

RE: RE: RE: RE: Thinking laterallyThank you Idunnobut for doing the arithmetic and calculating a price. When I raised this topic it was intended to focus attention on the two diverse parts of Firs Uranium. EZ is a traditional deep gold mine in the early stages. MWS is a re-processing business that is up and running and nearing maximum output. I believe that it might be sensible to sell the MWS business for lets say 1 - 1.5 billion, using the proceeds to pay down debt, ramp up EZ, and maybe even returning a bit of cash to the beleagured shareholders. Yes, it's our money, and I want some of it back.

The secondary benefit to management is that they can now concentrate on EZ, and get that running profitably. Better to ponder selling an asset now when there is a choice rather when it's forced on us.
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