A boring stock......, page-18

I used to hold FML, and like nearly all FML holders, I was burnt by them...more specifically...the
management. I was once told that good management was just as if not more important than the companies asset and that these guys were not highly regarded. Thankfully for the company now, there have been
changes at the top.
There are also some other factors, the decline in the price of gold, the low grades and also the cost of mining in Australia. If this outfit operated in a third world country with low wages, then maybe with a decent management team, they would have been profitable.
As the cost of mining is only going to increase, one would imagine, the only way this company is going to be able to restart mining is to be able to find reserves with higher grades. Just over 10 years ago, you could have bought an average home in Coolgardie for around $70k, while Kalgoorlie prices where over $200k and $200k+ in Perth metro. The prices in Coolgardie had been stagnant for many years, this suggests that the good gold grades and heady gold mining days were gone. I have not looked at home prices recently in Coolgardie as I am not interested in living there, but I don't think they would be setting the world on fire.
So what future is there for Focus ?? is there any high grade deposits lurking in the vicinity ?? will the price of gold increase to a level that would be profitable ?? and if it did, would it sustain this price or just be a fleeting moment ?? and more to the point, would the costs of mining the gold increase on par with the gold price ??
Buyer beware is all I suggest !!!