Pinty, I'd like to hear the questions and answers at the meeting. Like to share for the readers?
Since you've been informed about the latest developments, would you care to answer some of my questions?
Why is production at Coolgardie expected to fall circa 22,000 ounces this quarter considering last quarter 28,916 ounces were mined and 26,166 ounces treated to produce 24,766oz?
Considering 2,750 ounces of mined ore from last quarter are yet to be processed, will Coolgardie only mine circa 19,000 ounces down from almost 29,000 the previous quarter and why?
Tindals underground produced 14,708oz @ 3.47 last quarter and will be closed in the next quarter or two. How will its replacement, the "Greenfields" at only 1.7g/t be able to keep production at current levels? Will the lower grade increase cash costs?
Why did FML announce a "one off" cost at Apollo of $6.5m in the March quarter, that was said to see them through 18 months of mining but announce another $15m spent on waste development the very next quarter?
Why was the estimated cash outflows for the June quarter just $3.3m but actual costs for development recorded $21.7m? How confident are FML on achieving current estimated cash outflows for development of $2m?
FML plan to develope Burtville with grade at just 1.3g/t. How will this effect production levels and cash costs considering current average grade is a lot higher? What will be the estimated development costs?
What is the thoughts of the board about the current balance sheet considering FML has just $2.8m in available cash and $3.5 bullion on hand but has outstanding loans and accounts payable circa $40-50m?
Why hasn't FML given guidance on 2012/2013 production rates or cash costs?
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