First Uranium Corporation T.FIU

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

[elml]

thanks for the reply.

does it means that:
2009             FN got 25%gold produced by MWS               for 
    )
2010             FN got 25%gold produced by MWS               for 
    )   
2011             FN got 25%gold produced by MWS               for 
    )
2012             FN got 25%gold produced by MWS               for 
    )
2013             FN got 25%gold produced by MWS               for  $400
2014             FN got 25%gold produced by MWS               for  $400+1%
2015             FN got 25%gold produced by MWS               for  $404+1%
2016             FN got 25%gold produced by MWS               for  $408+1%
   "                                  "                                                     for      "
   "                                  "                                                     for      "
tills                               tills                                                   tills
life of mine                   life of mine                                       life of mine

If this is the case, then FIU is selling the 25% of gold produced every year till the end of the life of mine below cost  to FN !!!!
The management at that time should be severely condemned for having made such a stupid deal with GW !!

And by the way, this 125 millions upfront money received is for 25% gold supply life long and FIU got
for the first 4 years supply and from the 5th year onwards tills life of mine FIU only receives $400 plus 1% inflation per ounce supplied.

What a foolish deal they made, I really cannot immagine, totally no business sense at all !!!