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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by lefmike1on Aug 21, 2011 8:46pm
310 Views
Post# 18965324

RE: How much per oz. of gold FIU is selling to FN

RE: How much per oz. of gold FIU is selling to FNNot sure what you;re confused about


FIU entered into an agreement with bloodsuckers for an upfront payment of 125 million for 25% of the life of mine gold they get from MWS.  At the time gold was around 1100  and based on the estimate gold production  it was still a sick deal  but it was made.  FIU get 400 for each ouce they deliver to GW/FN plus a 1% inflation increase after 2013 I think it is.
Sucks big time   and to make matters even worse  FIu ended up having to pay a certain amount back to those same bloodsukers when they could not meet the deadline in 2010.  BTW those "executives" have since been replaced by other executives EX simmers emploiyees too ( GO FIGURE) that made that great deal at 1.00 per share just this past spring.adn the hits just keep on coming....In defence,  who would have thought that gold would be 1500,  err no 1600   ahhhh no 1700   NYET  wrong again  1800...... ooops closer to  1900 now ......

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