the 23,127 oz question we all should be asking, page-15

Stumpy,

TU to you

For once Coolgardie is mining MORE ORE than it is milling.

For once FML doesn't need to Develop in a hurried manner anywhere anymore and can now take the most economical path of development instead of having to expediently produce tons for processing at both milling sites.

For once FML can allow Tindals' underground mining to STOP and still survive,while it rips the lid off the resources IN PITS surrounding and ABOVE those and future U/G workings,to make development and possibly access easier and much cheaper there.Some pits have the potential to get deep enough to be on that lower U/G resource very cheaply.
Then FML can then work out the most economical way to work up to 8 loads instead of revolving around the old 4 as it has had to until now,with only one production restricting access being worked by contractors at higher costs with production currently restricted to around 50k tons/month max.
It would be nice to double Tindals u/g monthly production capability wouldn't it and a second access would easily.
At the same time,restarting there opens the option of transferring FML's newly acquired skills and even the workforce from The Mount,as it probably logically mans the underground with its own instead of contract staff to rip another 20%+ off mining costs AKA NST.
Given the very narrow high grades on some of the Tindals' underground drills of late,the RESUE mining method could have the same effects on grade and costs as at The Mount.Taking 5g/ton ore to 7 or possibly higher and ripping even more off direct mining and especially milling costs,say up to another 30%. Massive potential HERE,with such simple logical and obvious moves.

FML have always done the obvious moves as well as coming up with unique and extraordinary ways of mining and growing production ounces.No matter how great the resource,without the right management,your toast like the old CRE,AXM,NAV.

500koz here we come.

$1m a year on power savings on 100koz at Coolgardie is $10 an ounce cost reduction,just like that.
That $6 a ton on ORE processing is worth $7.2m a year.On 100koz that's $72 as well.

While these savings are nice,its the grade hitting the mill that will have the biggest effect and FML has shown,it hates unnecessary dilution and likes SPECIALIST SKILLS KEPT IN HOUSE to leverage on.

Lavertons set up for an 18 months clear run from APOLLO with little development.

Coolgardies set up for 4-5 yrs from Dreadnought and Greenfields WITHOUT any BETTER ORE from Tindals' U/G,The Mount or BIG BLOW and a few other gems hitting the mill---what more does one need to say?

I agree The FML groundwork has been done,the base course laid
What we are seeing now is the reinforcing being placed for a solid base on which to hoist some heavy prefabricated walls.
ALL TO THE PLAN-If you can read the drawings,you can see how Large and possibly multi storied a structure can sit on top of that base,soon or at a far later date,when the time is right.

All the passerby's are seeing is a hole with some metal laying about and some bits of pipe laid as conduit for services.In fact NOTHING MUCH of any significance and no different than any other working site.

I see the ability for total positive change.
Costs/Production and CASH.
As Meatlaof sung 2 out of 3 ain't bad.
However 3 out of 3 is on its way,its just when and HOW QUICK?

DYOR+DYODD A well known investor once remarked in the 1970's "Walt Disney walked me around his newly acquired farmland,saying "Can you see The parking area,the entrance,The rides".Walt's enthusiasm was infectious,BUT I could see nothing but bare grassland.I reckon every step i took that day there with my eyes closed to his vision has Cost me over a million dollars profit since and then some"