FML 3.70% 14.0¢ focus minerals ltd

not bad for a red day, page-26

  1. 2,158 Posts.
    Hello hilohi,
    I think it would be higher to tell you the truth.

    Perhaps this is not the right question however. Would we have had the scale to internally fund TI without a massive cap raise? This may soon become the important issue.

    The dilution to achieve the CRE take over may look minimal as we look back in future.

    Could we have added this many ounces in resource and reserve, and this much potential from Coolgardie? We now have two engine rooms - well nearly - as CRE ramps up.

    Now I believe we are in a position to sustainably add ounces in three geographic locations, and production in the shorter term from two.

    Cheers,
    CW
    DYOR&DD
 
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