First Uranium Corporation T.FIU

Potential 3X-4X by year End

[shootforthemoon]

FIUs final test is coming in the next 6 months. If they pass the GW test, that will show the increased production from MWS and if Ezulwini performs similar to May they will def be in positive territory.

Go look at other gold producers producing 200K per annum, this will def be $1.50.

Additionally if they meet these tests, it will def relax any fears of a default when the bonds come due next year.

Overall, this looks like a very decent risk/reward at these levels. Also its really nice to have the catalysts for a significant appreciation coming in the short term.

GLTA

[airgoddafi]

The only thing that is gonna go 3x - 4x in the next year is their float.Thats a certainty that history will support.

[shootforthemoon]

Blah blah blah.Your posts are worthless, full of opinion with zero support. UUU has a billion share float, based on your logic in the next decade they will have a 2 billion share float.Any poster with the Libyan leader in there handle is worthless to being with. Add another ignore to your list.

[chillyballs]

Thanks for input Airf uckoffi.... too bad others will buy your cheap shares.... you and whoever you work for had better start buying more frequently or you will got Eff All....

[airgoddafi]

I'm not sure why you guys wouldnt wait until the private placement and buy then. If you guys are long and confident, the best move would be to sell now and buy back later. God knows another bought deal is coming--the question is at what price. I can tell you historically it will be lower than the current price, likely at about 35-40 pennies. Now how much dilution is that gonna be seriously?You

[smoking81]

This stock has been as high as $13 and now is sitting at all time lows of .55. These lows are because of a percieved fear of uranium which really have nothing to do with FIU. There is always lots of volume which makes it easy to get in and out. My question is why would one not sell the farm and put it all in FIU?  PI has said he has put nearly $1M in at much higher prices and still survived.&

[shootforthemoon]

From a risk/resward this is a scintillating buy compared to other U stocks since we will have serious revenues outside of U which means if all goes well we will be revalued much sooner than other U stocks.Risks still exist, which include debt, production risks, and government risks, all which exist here today.The debt, needs to be shown can be paid off and therefore is sligthtly tied to the

[airgoddafi]

shootforthecocoon, any upside you have will have to compensate for the dilutive effect of this company. Dont be foolish and say this is not likely as if there is one thing that it is certain it is dilution.i would wait after the next bought deal to see if this is a good spec play.

[Hmmmmmmm]

Shootforthemoon:Have you accounted for Capex costs? What are those costs over the next few quarters which would reflect the MD&A assessment?

[shootforthemoon]

From my understanding the real capex has been realized in getting them to this position of producing 200K ounces.There was talk of the capex to start up uranium with MWS but they indicated that they will most likely defer the start up til next year, which is fine with me. All the other costs really relate to the production. Is there a particular capex you are thinking of. I personally hope they

[Hmmmmmmm]

Can anyone else confirm what Shootforthemoon says that Capex has dried up?

[lefmike1]

Yes he's pretty accurate I think,I remember Deon saying that they will hold off on any further spending in regards to the uranium  startups at MWS until after they decide what to do with teh Debentures.  He also indiacted that that was it for spending for this year.  That was my read on it apart from some money being spent on the shaft work ongoing at Ezeee..

[lefmike1]

I read this earlier post from you Smoking,  Let's make a few corrections ....You indicate  that These lows are because of a percieved fear of uranium which really have nothing to do with FIU. Where do you get that idea?  These lows have everything to do with FIU and the fears associated with it's production and profits.You indicate that " PI has said he has

[smoking81]

My opinion is that the intial drop to 50 cents was at the same time as all other uranium stocks dropping and FIU being lumped into that group. I thought it would not drop any further as uranium seems to have stabilised however the announcement of the share price seems to be the reason for a further drop to 40 cents. I think it is important to understand what is making it go down so that one can