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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by narmacon Jun 13, 2011 5:57pm
125 Views
Post# 18709537

RE: RE: RE: RE: RE: RE: RE: Thinking laterally

RE: RE: RE: RE: RE: RE: RE: Thinking laterally,,,,just noting fact from fiction on this play,,,, shootforthemoon,,,,,,,,,,,I don't know of too many plays out there that have zero debt and producing 200K+ ounces,,,,,most junior start ups I know are in debt and some can't find moneys to do squat!!!,,,,,,Ezulwini is in ramp up mode,,,,,,it intends to hit the higher production numbers to be profitable. The MWS operation is printing money,,,as known from previous earnings releases,,,,,,,,,400K ounces total,, is their target!!  Nothing telling me it can't be reached,,,,,,,,,,300K history on Elzuwini and we know that 120K from the MWS is on our doorstep!  Excluding uranium sales and a price increase in gold,,,,with $800K on the ground as an asset when we hit full production,,,and 400K shares probably,,,,with 300,000 ounces very possibly for next year and the 279,000 ramp up from Ezulwini out until 2019, this play will be worth money.  I see non producing explorers worth  $Billions,,,,,,,,,,, market cap equivalents would put FIU at $6 as is!!!! I see us in three years time,, with possibly zero or little debt and sitting on a large asset base just printing $$$$.

jmo
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