Hi irynka
very good point indeed - I consider FML somewhat of a "smaller" brother to RMS!
Been holding RMS since the 40c mark and seen 2 cap returns and 1 divie!
More than some similarities: both cash flow positive (very strong), producing and both have a good management team that know how to look for the gold. They both have the fine art of picking over stuff other companies have discarded just to find abundant resources (both now going for depth!)
RMS currently has better production costs (-400 compared to FML) - but both are bigger producers - think RMS are forecasting 230K oz within the next 12 months.
RMS already is mining high ore grades that FML will access within the next 12 months!
Based on RMS I expect FML to follow soon into the 10c+ range
If FML were to consolidate 10:1 they would actually be on a par (sort of almost perhaps) !
Now that would be interesting to see!
(actually I'd like them to join forces - but guess that would be a rather wild card-lol)
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3 | 56138 | 0.135 |
2 | 24000 | 0.130 |
1 | 4121 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
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0.160 | 47300 | 3 |
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