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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the acquisition, exploration and development of mineral properties. It is focused on advancing its wholly owned Norasa Uranium Project, located in the jurisdiction of Namibia, Africa, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.


TSX:FSY - Post by User

Comment by IkkakuSenkinon Mar 17, 2021 8:23pm
199 Views
Post# 32822856

RE:hello?

RE:hello?I hear you! I bought in around 10 cents and this stock makes up 20% of my brokerage account now so I'm watching it very closely... It's scary when one stock becomes such a large percentage of your holdings after increasing a lot, but it's still quite cheap on an absolute and relative basis compared to it's peers... The only similar uranium project in Namibia I had found was Bannerman but their cash burn rate is too high... Forsys controlled their cash burn and dilution at the low so it can keep going higher. What else do you own? I sold a lot of my gold stocks recently and am sitting on a lot of cash but I'm still holding Turquoise Hill, Altius, Sprott Physical Silver, Argonaut Gold, Platinum Group Metals, Amerigo Resources... smaller positions in Osisko Mining, Vista Gold, Radius Gold, Silver Bull, Denison Mines, and Fission Uranium.
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