NewswireToday - /newswire/ -
Sarasota, FL, United States, 2007/02/09 - Forsys Metals president Wayne Isaacs believes his company will become the next uranium miner in Namibia, ahead of UraMin.
Forsys Metals president Wayne Isaacs told StockInterview.com in an Audio Interview, “I believe that we’re closer to opening up the next uranium mine in Namibia. We’ve advanced our project, in my opinion, further at this stage than UraMin has.” Both are racing to put into production Namibia’s third uranium mine.
Isaacs also told StockInterview, “We’re in very close proximity to two producing uranium mines, that being Paladin and the Rossing mine which has further fast tracked our ability to bring Valencia possibly to being the third producing uranium mine in Namibia.”
How close is the Forsys Metals’ Valencia project to becoming Namibia’s third mine? Isaacs explained, “We expect to have a resource update completed within the next 30 days or so. We also expect to commence our bankable feasibility within that time frame.” Isaacs added, “We’re very excited about the future, we’re looking forward to making that production decision and moving ahead.”
What else is on the Forsys Metals agenda? “On the heels of that there are five more uranium exploration projects expected to be generated out of our relationship with Ancash Investments,” Isaacs said in the Audio Interview.
In 2005, Namibia was the world’s fifth largest uranium producer behind Canada, Australia, Kazakhstan and Russia, producing 8.18 million pounds of U3O8 – about 7.5 percent of the global uranium mined that year. Paladin Resources began producing from the company’s Langer Heinrich uranium mine in January. Namibia’s Rossing uranium mine is one of the world’s largest uranium producers. The Islamic Republic of Iran owns a minority interest in Rio Tinto’s majorly owned Rossing mine.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. StockInterview.com has rapidly become the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
Forsys Metals Corp (TSX: FSY) was featured in Chapter Nine of the 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” which is available online - and is now offered on Amazon by visiting amazon.com