forsys rumours and mey, page-10

Thanks for your post Daddy !
Its good to see the OPEX and depths of Forsys may be very encouraging compared to MEY.
One minor correction. The Marenica project is only 80 % owned by MEY meaning of the 85 Mlbs only 68 really belong to us shareholders.Which leads to a valuation slightly below 1 USD at the moment.
But anyway i certainly agree this is damn cheap.

Now,what i think is really crucial to us, is the OPEX.We will have a first number published in the scoping study.After that we will know,where we are headed.

Just as a reminder:

Bannerman published their OPEX at 41 USD/lbs last fall,which makes their project hardly viable at the current uranium prices.The market reacted with a 50% crash in two days ! Especially bigger investors left in a hurry (Amber Petroleum now AfNAT for example)

IMO to reach a favorable perception by the markets our number needs to be way lower than BMNs.
I agree with you,that we are very likely to come up with a number somewhere in the area of Trekkopje.Maybe a little higher,because we just have about half the uranium they do as of yet.
But drilling is underway and i expect our resource to increase considerably over the coming months.My guess is we will be above the "magic" 100 Mlbs by summer,thus coming closer to Trekkopje with every months that passes.

Key aspect is the uranium price.Most analysts expect it to be higher over the next years.Now in this case all the uranium companies would profit,but for us it is important to be viable even if the uranium price stays as low as it is right now.

So as a conclusion, if management can reach a favorable OPEX in the scoping study,buckle up and enjoy the ride ;-)