risk reward at fml, page-16

as usual the usual fml groupies are straight in

the head grade has gone up and the average grade is 2.5 or a bit lower at the moment, that tells me there is a lot of very low grade material in the resource with such a high head grade, a large super gene would be nice to add to the resource but where will that come from, the place is a lot of holes from the surface already

fml where not the only company to look at the mount, others decided the geology was too ugly to consider it, good luck to fml if they have guessed better than other companies but the anns on the mount are the usual dodgy mining company thing, tell you everything, show you not much, company maker ha, hope so but ha

the positive posts on fml remind me of a good lesson I learned about gold companies a few years ago, I was working for a company that went broke, got talked into staying in the office until things where wound up with the promise of a redundancy, still havent been payed by the receivers that redundancy, anyway, was in the office and the phone rang, it was an old fellow from over east in tears on the phone because he had put his life savings into this stock, his wife was in the background absoletly giving it to him, he was asking if he would get any money back as he had put everything into it and I had to tell him that receivers had been appointed and probaly not, it was a heart breaking situation alround and it has always stuck with me, that company was in a better position than fml, loyalty to companies is wasted loyalty, if anyone else has worked for goldies in the office as i have you will know that positive announcements released to the market are mostly spin, when I read something that tells me something positive but shows you nothing I discount it totally in my punting decisions, fml's anns seem to be falling into that cycle

investing and working for goldies for many years tells me this stock has potential and coolgardie is an awesome place but the tell tale signs are starting to set in with the anns, the overheads and the resource modelling

here's hoping for 75m @ 4.7gt

71c4
never argue with an idiot, people wont be able to tell the difference