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Mining Top 25 for 2010 - 14 - First Uranium Corporation




This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Price
  C$ 2.190

Ticker
  FIU.V
O/S  166,824,000
Avg. Volume  1,244,700
Market Cap  C$ 208.5M
Sector  Mining (U, Au)
Countries Active  South Africa
Cash  C$ 60M + 20M

52 Week Low:  C$ 1.830 (12/31/2009)
52 Week High:  C$ 8.000 (5/7/2009)


Company Statement


First Uranium Corporation is focused on the development of its South African uranium and gold mines with the goal of becoming a significant low-cost producer through the re-opening and underground development of the Ezulwini Mine and the expansion of the Mine Waste Solutions tailings recovery operation. First Uranium also plans to grow production by pursuing value-enhancing acquisition and joint venture opportunities in South Africa and elsewhere.




Positive / Negative

Positive: Should be fully funded now, Gold and Uranium are a good combination, in our opinion.
Negative: 7% of the gold will be sold to Gold Wheaton at 400USD/oz (under cash costs), located in South Africa.

Main catalyst for 2010

- Reaching milestones towards full production.


This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Disclaimer
Please read our full disclaimer on the website here.

Disclosure:
We hold a Long position in First Uranium Corporation, this means we are biased, so please always do your own research.