With out a doubt we have open pit minable gold on our properties..and we will eventually mine them...

Our insiders are not to be triffled with when it comes to explorationVS production..I fully believe that these investors,are here to make a pile of money..so I am just going to "Follow the Money"..as I have said from day one of investing in KXL..

10 Years was my timeline ,from "First strike" til production..

I won't be too far off and am willing to wait..

Mean while I thought I would post some uranium minimum mineable grades that are open pit style operations and are making money..

What got me interested in U3O8 investing in the first place was living in Saskatchewan in the '70-80's ,and reading that Kennekot was mining U3O8 down in Wyoming and making money hand over fist with grades of ..get this .. .07%..!!

Yep..and U3O8 was 8 bucks a pound..

And now they are mining with cut offs of 100-200 Parts per million..!!!!

and still making money..!!

How the hell can we go wrong up in U3O8 Elephant country..Athabasca..with the grades we are already hitting??and in sandstone ..no less..very easy to recover U3O8 from sandstone..

Here is an example of grades from a company that are in the process of mining their property..

I have no investments in this company but the figures shown are the interesting part for me and show what lousy grades will do to make you money..in the right stuff.

This is from a recent news release but look at the figures and realize what we really have in our Athabasca properties..and if we are patient and let our managers manage ..we will all be in the big time..if we live long enough..Have a great weekend and enjoy the show..

Portee..

(Great posts on the board,by the way..)

"The 2009 drilling results contributed to an 18% increase in reserves compared to our estimate published earlier this year, with the grade improving to slightly below 200 ppm at an increased 100 ppm cut-off. As a result, the planned Valencia mine life now exceeds 17 years. Accounting for uranium price forecast, reduced start-up and operating capital requirements and mining production schedules, the economic value of the new plan is expected to increase."

Mineral Resource Update

The mineral resources summarized in Tables 1 and 2 below are reported in a manner consistent with the guidelines of the JORC code, which is a recognized foreign code under National Instrument 43-101 ("NI 43-101") including the CIM Definition Standards (CIM, 2005).

The resource has been constrained to a maximum depth of 380 m below surface and limited to geological modeling of the alaskite, which was conditionally simulated in blocks of 5 m x 5 m x 5 m. These blocks were re-blocked to 20 m x 20 m x 5 m and then estimated by ordinary Kriging. Only mineralization associated with the alaskite has been estimated and reported. The resource has been reported at a cut-off grade of both 60 ppm and 100 ppm U3O8.

The simulation at the Selective Mining Unit ("SMU") scale indicates the potential that exists through selective mining and effective grade control of the resource.

 Table 1 -Summary of Valencia Uranium Mineral Resources as at November 2009

----------------------------------------------------------------------------
                                      Cut-off     Tonnes     Grade     U3O8
Category                                 U3O8         (M)     U3O8    Metal
                                         (ppm)                (ppm)   (Mlbs)
----------------------------------------------------------------------------
Measured                                   60       24.3       151      8.1

Indicated                                  60      245.9       124     67.4
----------------------------------------------------------------------------
Total Measured and Indicated               60      270.3       127     75.5
----------------------------------------------------------------------------
Inferred                                   60       32.0       126      8.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Measured                                  100       18.6       172        7
Indicated                                 100      140.2       158     48.9
----------------------------------------------------------------------------
Total Measured and Indicated              100      158.8       160     55.9
----------------------------------------------------------------------------
Inferred                                  100       15.3       163      5.5
----------------------------------------------------------------------------

The global mineral resource (as shown above) was also re-assessed through the use of simulations (SMU of 10 m x 10 m x 5 m blocks). A total of 100 conditional simulations were run, and the 50th percentile simulation based on metal content at a 60 ppm cut-off is tabulated below in Table 2. The 100 ppm U3O8 cut-off is also shown in Table 2. This model was used to determine the ore reserves below in Table 3.

 Table 2 - Summary of Valencia Uranium Deposit Mineral Resources, estimated
              at the anticipated SMU scale as at November 2009

----------------------------------------------------------------------------
                                      Cut-off     Tonnes     Grade     U3O8
Category(i)                              U3O8         (M)     U3O8    Metal
                                         (ppm)                (ppm)   (Mlbs)
----------------------------------------------------------------------------
Measured                                   60       21.0       161      7.4

Indicated                                  60      219.6       144     69.8
----------------------------------------------------------------------------
Total Measured and Indicated               60      240.7       146     77.2
----------------------------------------------------------------------------
Inferred                                   60       30.0       144      9.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Measured                                  100       13.8       203      6.2
Indicated                                 100      130.0       190     54.3
----------------------------------------------------------------------------
Total Measured and Indicated              100      143.8       191     60.5
----------------------------------------------------------------------------
Inferred                                  100       17.6       190      7.4
----------------------------------------------------------------------------
(i) 50th percentile of 100 simulations based on metal content

Mineral Reserve Update

The November 2009 updated summary of the Valencia uranium reserves using cut-off grades of both 67 ppm and 100 ppm U3O8 are shown in Table 3 below.

 Table 3 - Summary of Valencia Uranium Deposit Reserves, with cut-off grades
                  of 67 ppm and 100 ppm as at November 2009

----------------------------------------------------------------------------
                                      Cut-off        Ore     Grade     U3O8
Category                                 U3O8        (Mt)     U3O8    Metal
                                         (ppm)                (ppm)   (Mlbs)
----------------------------------------------------------------------------
Proven                                     67       19.6       168      7.2

Probable                                   67      156.1       155     53.3
----------------------------------------------------------------------------
Total                                      67      175.7       156     60.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Proven                                    100       13.8       203      6.2

Probable                                  100      103.0       192     43.6
----------------------------------------------------------------------------
Total                                     100      116.8       194     49.8
----------------------------------------------------------------------------

Reserve Estimation Process

The ore reserve has been estimated from the mineral resource (measured and indicated) as shown in Table 2 using the SMU scale of 10 m x 10 m x 5 m. The pit shell for the reserves was generated using only measured and indicated material. Dr. Roger Laine, the Company's Chief Geologist, applied the CIM definition standard to re-classify the inferred resource within the pit shell into the indicated category, therefore incorporating that material into the reserves as presented in Table 3.

The ore reserve estimate is based on pit optimizations using the updated November 2009 resource model summarized in Tables 1 and 2 and by applying modifying factors (such as costs, mining and metallurgical factors) deemed appropriate for the deposit and anticipated scale of operation.

The following factors and variables were involved in the design process of the Valencia open pit:

- Whittle 4X was used to run pit optimizations and the resulting pit shells were used as a guide for pit designs

- Pit slope angles of 41 to 52 degrees were determined from the 2008 detailed geotechnical program including oriented core drilling and rock strength testing

- Economic cut-off grade of 67 ppm was determined using the following economic factors:

-- mining costs averaging US$2.48/t mined (ore and waste)

-- processing cost of US$7.20/t milled

-- overheads & other US$1.66/t milled

-- revenue rate based on US$70.00/lb

-- mineral royalty of 3.0% on revenue

- Process plant recovery of 85.7% was established from metallurgical test work

The resulting designed Valencia pit is 1,500 m long (on strike), 1,000 m wide and 375 m deep (to a depth of 350 m above mean sea level) as shown in Figure 1 and Figure 2 below. The current limits of the pit are not defined by the ore body or by mineralization. However, the limits of the pit are confined by the extent of drilling that defines the current understanding of the deposit.

Figure 1 - Designed Pit Illustrating Mineralization (Viewed from South to North) is available at the following link: http://media3.marketwire.com/docs/fsy1214a.pdf.

Figure 2 - Designed Pit Illustrating Mineralization (Viewed from Northwest to Southeast) is available at the following link: http://media3.marketwire.com/docs/fsy1214b.pdf.

Potential exists for further expansion of the Valencia pit based on the following:

- Additional drilling is planned for 2010 within areas still currently classed as Inferred

- Planned definition drilling will investigate areas where the ore body remains open to the north and north-east

- Mineralization is known to continue at depth but the current resource model is limited in depth by the drilling with the pit bottom currently sized at 250 m by 350 m. Eventually this area can be drilled to investigate whether or not the pit can be deepened

- Planned drilling will investigate the potential for additional resources within the current mining license at the Joly Zone

The Company is in the process of completing an addendum to the Technical Report issued in June 2009 to reflect the increased reserves and changes to parameters including Capex and Opex. This report will be completed in Q1 2010 and is expected to result in an increased economic value.

Qualified Persons under National Instrument 43-101

The engineering aspects of the reserve determination were supervised by Mr. Jeremy Peters, who is a member of the Australasian Institute of Mining and Metallurgy ("AusIMM") and a full time employee of Snowden. Mr. Peters has sufficient experience relevant to the type of mining contemplated and to the activity he is undertaking to qualify as a Qualified Person ("QP") under National Instrument 43-101 ("NI 43-101"). Mr. Peters holds no interests in Forsys or its associated companies and has not visited the Valencia Uranium site. Mr. Peters recommends a Probable classification for the reserve. Economic and metallurgical data used in the preparation of the reserve were derived from the ongoing work on the Valencia Feasibility Study, conducted under the supervision of Mr. Kullmann. Mr. Peters has read and consents to the content of this news release.

The information in this report that relates to mineral resources is based on all information compiled by Mr. Michael Andrew who is a member of the AusIMM and a full time employee of Snowden; provided to him by Dr. Roger Laine (includes the results from the 2009 drilling). Mr. Andrew has sufficient experience which is relevant to the style of mineralization and type of deposit and to the activity he is undertaking to qualify as a QP under NI 43-101. Michael Andrew holds no interests in Forsys or its associated companies. As part of the data verification used in the estimate, Mr. Andrew visited the Valencia Uranium Deposit in December 2008. Michael Andrew's Technical Report prepared as at January 2009 is available on SEDAR at www.sedar.com.

Dr. Roger Laine, Ph.D., P.Geo., Chief Geologist for Forsys Metals Corp, is the designated QP responsible for the Company's exploration programs. Dr. Laine has verified the geological database which included review of geological description and interpretation, assays, and acquisition of radiometric data and Dr. Laine is familiar with the methods for Quality Assurance and Quality Control specifically applicable to uranium. Dr. Laine has sufficient experience which is relevant to the style and mineralization, type of deposit and the use of radiometrics in resource estimates as well as to the activity he is undertaking to qualify as a QP under NI 43-101. Dr. Laine has looked at the Inferred resources within the pit design boundaries and classified the Inferred material into Indicated category based on CIM Definition Standards.

Mr. Dag Kullmann, a Fellow of the Southern African Institute of Mining and Metallurgy (SAIMM), Engineering Manager for Forsys, is the designated QP responsible for the reporting of mineral reserves. Mr. Kullmann has sufficient experience in the assessment and application of modifying factors required for the determination of reserves for open pit operations to qualify as a QP under NI 43-101. Mr. Dag Kullmann retains responsibility for the validity of this data.

On Behalf of the Board of Directors of Forsys Metals Corp

Duane Parnham, President and CEO

For further information visit our website at www.forsysmetals.com.