RE: RE: RE: RE: RE: Thinking laterallyuranicynic,,,,,,,,,,,,,,,,,remember Ezulwini over the 40 years of production before FIU took over,,produced an annual average of 300,000 ounce. FIU has a ramp up production target of 279,000 ounces per year,,,in addition to the MWS production of 120,000 ounces. I assume most readers on this board are unaware of the total target level for the entire operation,,,,,,,,,,,,>>>>>>> 400,000 ounces <<<<<.,,,,and another 20 years of mining with opportunity to expand the resource in the future.
Now getting back to the naysayers on this board,,,,,,,,,,,mousy says get rid of management,, that is his solution to the FIU share price status !! Well,,, if so we can then assume the asset, is not the problem!!
,,,hotairgadaffy is so worried about us longs and dilution of our existing shares that he is getting hysterical!! Why is this guy so worried about where other investors place their bets?? Anyway,,,,,,,,,,,,let time take care of this play,,,,,,,,,,,,I have not done the math on 400,000 ounces annual production with assets on the ground of $800 Million. Again it looks like excellent value for the long term player,,,,,,,,,,,,,,,,,,$9.50 and not a cent less for my shares after notes are paid off under a straight financing arrangement in April 2012,,,,and the conversion of the notes in 2013 for an additional 100M shares!! :o)
If gold continues to move up then the $9.50 is out ,,and,, we would have to move our target price up into the teens on this dog. Don't think for one moment that the big money will not be knocking at the door of this play sooner than later!!!
Long and strong on >>>>>>>> First Gold & Uranium Corp.