management's communication, page-5

Kent,

firstly,i was only a cre holder during FML's offer period.CRE's underground mine and stones purchase of a mill about the right size for it 30km or so away,may be more relevant to the future of CRE and stones interest.

If CRE had FML funds-maybe of interest now,but now,it is no different than FML sitting on the mount for the best part of 5yrs,knowing what was there until CRE resources become available.

I am more interested in the PROFIT driving parts of FML's immediate operations.Cre may be a great investment,just as Josephs pit,or queens hole or some other FML resource their drilling now may be in the future too,but the business and cash producing drivers that are closest are my interest such as the mount,perseveranceI @ II and the pits

FML at $900 an ounce cash cost should be throwing off at 100-130Koz+ in the vicinity of $60-100m for reinvestment.The need for that reinvestment in central coolgardie is going to be negligable.
That's $40-50m i would like to know when it is arriving and where it's going and that it's definitely coming IN.Those looking at TI should too.

Cre at somewhere between $1600-1100 cash cost target is a vastly different story,unless gold doubles.Hence my FOCUS.
100koz at between nil and $500 cash margin is likely to produce little free cashflow and any will be directed into shoring up operations there for sometime.CRE is future bolt on potential at this stage.

FML current operations is the HERE and NOW and will supply funds for future FML EXPANSION,both inside and OUTSIDE FML operations in the near term.That's right NOW.In every way FML's future depends on Coolgardie's NOW OPERATIONS and PRODUCTION SUCCESS.

Hence on a scale 1-10 stars for information interest

The mount development,production and grade 10
Tindals underground production and grade 7
Coolgardie Current pit depths and grade 9
FML Greenfields exploration 3
TI 4
Greater coolgardie drilling 3
Nepean 1
CRE operations 3
CRE takeover 10

A bit mercenary,but i'll follow the money generators and look out for faltering or growth there and as long as the rest is better than breakeven and improving,no matter how slowly,i'm happy.
Remembering someday gold will be a lot lower than it is now and some current money generators may close and everything will be different.If that were to happen tomorrow,CRE would be worthless and the world could be looking at 7g/ton ore as marginal.
Meanwhile,lets keep making more hay (money) while the sun shines and get to a few more highgrade ore sources near our mill and its 2MT crushing circuit,with those pits.

DYOR+DYODD and always have your own opinion.

Apologies for digressing slightly from this threads intention.