ti update, page-13

morning,

"FML has jumped a whole 0.1 cent on the TI news."

Well, no, it's now back to where it started - exactly as expected now we know that the market hasn't got a clue about geochemistry.

"The problem with FML is its a very high cost producer and with productiuon cash costs of $1,250 and Laverton and $1,000 at Coolgardie "

Well, my friend knuckle, that would be news to the ceo - his charts show that fml is right smack in the middle of the field cost wise. And also what the ceo hasn't told you but I am happy to is that a lot of those supposedly 'low cost' producers - have plant and equipment that is complete crap and run down - including some of our much bigger producers. Compare this to fml's fully functioning plant with spares and good maintenance programs and with a lot of new or near new equipment.
Have you noticed any major shutdowns for fml in the last couple of years? Have you noticed any mining operations that are completely disabled because of unplanned events?

"What would happen to the SP if Gold falls another $300..."
What would happen to the sp if gold rises another $300?
Would fml be able to pull levers if the gold price did drop?

Have a look at the work that has been done to make our mate CW - 'gobsmacked' ---------------------
what would happen if we stopped developing at such a huge pace? -------------- Do you think our costs would drop? Dramatically?
What do you think would happen if we stopped exploring? Would our costs drop?

What do you think all this development that has been done is going to do to the bottom line when it is all on stream?


" Until POG incresaes substantially or sentiment improves substanially FML will wallow. "

ok, so you don't think 50 metres of visible gold in a core in 10 days time will excite anyone except for the elephant club eh?
The market would just disregard that as it is so common?

Come on knuckle - you can think better than that?

have a great day - and I am sure glad you are a shareholder - we could go into halt at any moment from next week on.

pinto