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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

Metals & Mining Industrial Metals & Minerals

TSX:FIU - Post Discussion

First Uranium Corporation > Funds Itself
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Post by Hmmmmmmm on Apr 09, 2012 2:33pm

Funds Itself

How can you say the mine funds itself. If it did do you think the company would have burned through so much cash. What about the layoffs? Do you think the company would lay off that much of its work force if it didnt have to?

Cash burn = Capex of just under a billion dollars. That's why RBC values the assets at $700M ++

That's why the deals are bad news.

Comment by pillio24 on Apr 09, 2012 2:46pm
yest, the company did spend alot of money on upgrades. 
First Uranium Corporation