That's the response I was expecting. You could've said you don't know.
The gold industry has challenging cost pressures that have been increasing over 10% year on year out.
We'll give FML the benefit of the doubt and say cash cost will not increase this financial year.
Gold price - $1570
Cash costs - $1200
$370 "profit" x 175,000 ounces = $64,750,000
Subtract:
Royalties = $12,000,000
Admin = $16,000,000
Exploration = $16,000,000
Development = $20,000,000(very generous)
Other = $1,000,000
Result = (250,000) before paying debt.
FML has very little room to move without a substantial gold price rise.
Regarding the TOU's, you can see which side of the fence they're coming from. I've seen plenty I could call baiting but I'm a big boy.
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