First Uranium Corporation T.FIU

Let's discuss the company

[RockQQ]

Can we move on to discussing the company now?   Yeeesh!

[uranicynic]

You've got my vote. First Uranium has more important goals to achieve than bankrupting ProudItalian. Stuff like lowering the cost/ounce, making the cash last, getting Ezulwini profitable etcetera.

[cowcash]

https://www.miningmx.com/news/energy/first-uranium-on-the-ropes.htmYes, you are right about that...More bad, but true press info/report...Something is going to give soon. They might have to sell part of the mine.

[uranicynic]

Some uncomfortable reading but I encourage all shareholders to read the article. I'm particularly disturbed by management's confusion  about the ore body under Ezulwini. The only way to understand it is to mine it. Stop making excuses. The more ore brought to the surface leads to more gold produced. As  regards selling MWS, everything is for sale if the price is right.

[elml]

instead of selling MWS , can FIU just abandon the Ezulwini operation ????because: hereunder is the rough calculations:                                               

[Hmmmmmmm]

RockQQ and UranicynicYou are correct that Deon and company have better things to do, but, there is a legal dep't that has nothing better to do than deal with issues that affect the company. This is what is being handled on this front. I am providing transparency so there are no surprises to anyone....esp. ProudItalian. I will not put up with his crap.There is nothing more I want than to have

[lefmike1]

Just because some hack with RBC says somethign about FIU selling one or both operations doesn't make it so.If FIU was to attempt to abandon Ezulwini, they would be pulled into court forever by FN,  and others who are owed money.  The mine is viable,  just because RBC say it's in trouble and that the report is suspect does not necessarily make it so.The cost per ounce is not

[RockQQ]

It's really not as terrible as it seems.  The construction and re-construction phases of both mines are pretty much done, and the test has been passed too.  If the uranium price stays low they can limit themselves to whatever uranium just happens to fall by their way as they mine the gold.  Gold price is going up significantly.  Gold mining cost per ounce has accounting