FML focus minerals ltd

west business article, page-15

  1. 5,949 Posts.
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    Good post KW.

    The issue becomes with all this identifying, storing and not monetising value is that it provides a fertile situation for a TO.

    The idea that we are a few years away is the same as saying a few lifetimes. The sp is being priced at what can be seen and delivered, not what could be delivered maybe sometime in the future. The geos still get their jollys no matter who owns the place, TI gets developed and everyone else gets the pineapple.

    Despite how clearly the Chairman made an announcement - its turned out to be a poor decision, or poorly executed or taking too long or a combination of all three.

    The skill at managing ore selection to maintain a cash margin is why in an earlier post I said zombiw stock. The living dead. Excuse me, but I thought the idea of owning a gold mine was to make money for shareholders, not pay salaries.

    A comment earlier was that as the POG goes down FML survives selecting richer ore bodies. Wonderful. But when POG rises FML uses all the crap ore. Not waving - drowning. I suppose when gold is $10,000 /oz we will be mining 0.2g/t to save the good stuff when the POG goes down.

    Just what exactly is the plan?
 
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Last
35.0¢
Change
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Mkt cap ! $100.2M
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35.0¢ 35.5¢ 35.0¢ $5.272K 15.02K

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4 96571 34.5¢
 

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Price($) Vol. No.
35.0¢ 3948 1
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