Post by
nozzpack on Aug 30, 2022 10:04am
Probable 5- 10 bagger
Uranium price is steadily moving upwards, currently at $48.5 per lb.
Prices are forecast to rise to $200 per lb.
Norassa is the largest fully permitted Uranium deposit in the world , with all key infrastructure in plance andmining license in hand .
At $65 US per lb, operatiomnal cash flows are estimated at $1.75 B over the LOM.
NPV is $623 million US = $800 m CAD.
Norassa is up for sale.
Sooner or later it will be sold which means multiple bagger from current very cheap levels considering FSYs cash position..
There are few other competitors of the size and quick to production as Norassa.
It will be sold.
https://www.forsysmetals.com/wp-content/uploads/2022/07/Forsys_Norasa-Project-2022.pdf