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Last C$0.17 CAD
Change Today +0.01 / 6.25%
Volume 7.0K
FSY On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:58 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

forsys metals corp (FSY) Snapshot

Open
C$0.17
Previous Close
C$0.16
Day High
C$0.18
Day Low
C$0.17
52 Week High
08/7/14 - C$0.38
52 Week Low
07/13/15 - C$0.14
Market Cap
20.3M
Average Volume 10 Days
1.9K
EPS TTM
C$-0.02
Shares Outstanding
119.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORSYS METALS CORP (FSY)

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forsys metals corp (FSY) Details

Forsys Metals Corp. engages in acquiring, exploring, and developing mineral properties in Namibia. The company primarily explores for uranium ores, as well as gold ores. Its flagship project is Norasa, which includes the Valencia project covering an area of 735.6 hectares located in Namibia; and the Namibplaas project that covers a total surface area of 1,742 hectares located to the north east of Valencia. The company was formerly known as Forsys Technologies Inc. and changed its name to Forsys Metals Corp. in June 2005. Forsys Metals Corp. was incorporated in 1985 and is headquartered in Toronto, Canada.

12 Employees
Last Reported Date: 05/7/15
Founded in 1985

forsys metals corp (FSY) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$255.0K
Chief Financial Officer
Total Annual Compensation: C$162.0K
Vice President of Legal Affairs, Executive Di...
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2014.

forsys metals corp (FSY) Key Developments

Forsys Metals Corp. Elects Jorge Estepa as Director

Forsys Metals Corp. announced that at the annual and general meeting of the shareholders, Jorge Estepa was elected as director.

Forsys Metals Corp. Presents at Mines and Money Hong Kong, Mar-24-2015 04:10 PM

Forsys Metals Corp. Presents at Mines and Money Hong Kong, Mar-24-2015 04:10 PM. Venue: Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wanchai, Hong Kong, Hong Kong. Speakers: Marcel Hilmer, Chief Executive Officer, Director and Member of Health, Safety & Environmental Committee.

Forsys Metals Corp. Announces Results of Feasibility Study 1 for its Norasa Uranium Project Located in the Erongo Region of Namibia

Forsys Metals Corp. announced the results of a Feasibility Study 1 for its wholly-owned Norasa Uranium Project located in the Erongo region of Namibia. The FS completed by engineering consultants, Amec Foster Wheeler together with reliance on other experts in the fields of mining and environment and Company Qualified Persons, has confirmed the robustness and economics of Norasa. All amounts are in US currency The economic analysis results in an estimated pre-tax net present value (NPV) at a discount rate of 8% of $622.6 million. Using the initial investment and operating cash flows from inception, the pre-tax internal rate of return is estimated to be 32%. The Norasa production schedule has been modified to incorporate the updated Mineral Reserves and to include a processing rate increase to 11.2 million tonnes per annum (Mtpa), up from 8.2 Mtpa in 2010. Estimated annual production over the 15 year life of mine (LoM) is approximately 5.2 million lbs of U 3O 8. Norasa is one of the very few uranium projects in the world that is construction ready with a Mining Licence. The completion of the FS confirms the robustness of Norasa’s economics. The FS delivered a number of outstanding results, including increases in tonnage, annual and life of mine production whilst lowering operating costs. The company believe that the study results will attract strategic partners and investors, and provide with alternatives for the next phase of Norasa’s development. The Feasibility Study cannot be classified as a “definitive feasibility study under NI 43-101 disclosure standards, but represents the definitive basis by which Forsys intends to seek to develop the Norasa Project, and has been conducted to an accuracy of +/-15% for Class 3 Capital and Operating Cost estimates. Mineral Resources that are not Reserves either haven’t demonstrated economic viability or don’t meet the cut-off grade criteria. The Reserves come from three deposits, resulting in three distinct pits: the Valencia pit, a small satellite pit adjacent to Valencia and the Namibplaas pit. The financial sensitivity analysis further reflects the robustness of the project as detailed in Table 4. The project is most sensitive to changes in the uranium price. A decrease of 8% or more from the base case assumption of $65/lb U 3 O 8, results in a measurable decline in Pre and Post-tax NPV (DR 8%). Conversely, the Project would benefit greatly from increases in U 3 O 8 prices above the base case assumption. It is encouraging that break-even NPV is at or about $50/Lb U 3 O 8 for both pre and post- tax scenarios. The FS assumes a schedule of approximately 24 months from the start of detailed engineering to the commencement of plant production. While this timeline is predicated on confirmation of suitable financing for the Project, Forsys expects to optimize this timeframe during the detailed engineering phase. Namibia is a mining friendly jurisdiction that is consistently ranked highly for its investment attractiveness by the Fraser Institute; currently ranked first for mining in Africa. Namibia has a long history of uranium mining and ranks as the world’s fifth larger uranium producer. Norasa, Forsys’ uranium project, is located approximately 35km from the Rossing Mine, one of the larger uranium mines in the world.

 

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