Considering the DFS showed profitability at a gold price of $2,200 Aud and AISC of $1618. Current gold price of $3,700aud and no hedging in place FML will be raking it in approx $1800- $2k an ounce at current spot pricing.
We are very lucky having SD backing the company with restart funding on great terms without any hedging in place.
Have a look at RED, had to hedge so much pre production at approx $2200aud to obtain funding, they have now given up hundreds of millions $$ in profit.
I have bought some more over the last couple of weeks and another 50k today to add to my LT holdings. Most undervalued goldie on the ASX imo.
Looking forward to the quarterly.
Ann: Laverton Gold Project Mineral Resource Updates, page-27
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |