sp growth and strong future, page-4

It all comes down to the grade through the mill and every 0.1g/ton equals what?

Simple maths tells simple truths.

Show me another miner in aus running dreg grades thu its mill,spending $12m a year on exploration and still posting a profit of $10m to june,while opening an underground mine,two pits,buying a new mining fleet,with 8 drilling rigs hammering away onsite.

Bet without that extra expenditure,there would be another few hundred less per ounce in expenses.

when you actually work it out FML IS A LOW COST PRODUCER,
hiding under cover of EXCESSIVE DEVELOPMENT and GROWTH
A right Fagan in action.Fagan Mining Limited.
I'd vote for the name change to better reflect it's attitude to costs.
Yet look at the plant--there is a pride in the way this plant operates and respect in the marketplace for the management.That brought TI to them along with CRE.
Hard but fair and a deals a deal-shake on it.


As the joke goes -
Q What do you get when you cross a Scotch Banker and a Jewish miner
A The meanest hardest working tightfisted SOB(super obstinate boy who is never ever short of a bob for whatever he decides to do)you could ever meet.

DYOR and have a laugh at what you find that others refuse to see.