FML focus minerals ltd

try how high can the sp go, page-23

  1. 96,752 Posts.
    lightbulb Created with Sketch. 75
    hi adam, good to see you aren't negative - and apologies for assuming you were - there are boatloads of it on this forum.

    Nepean is a very different animal for us assuming the SD deal is finalised.

    Why? - Because of what Chuck has thought for years - that there is a massive continuous system under the existing mine.

    What SD input has done is to allow for budget to prove or disprove this - AND if it is proved SD have a market and we will get paid for everything mined - not just the nickel as would be the deal with the 'other' customer.

    FML would have taken years to get around to putting in a series of holes about 1km deep and around $750k ish a pop.

    This is one of the reasons why the SD deal is great - if Chuck is correct - and he ain't alone in his thinking - I know Dean is like minded and several other geo's as well - if it comes up trumps ---------- it is more than likely that it is worth about $1b all by itself.

    And the timing looks perfect - one can never be certain with market timing - it is always a punt - but it does look good.

    I can't weasel a timeframe out of anyone for when we might drill it - the closest I get is about the middle of the year - well, that will be ok - we should get more of an indication where nickel is going by then - and if all goes to plan, people should be starting to get excited about nickel.
    Can we imagine what the market will think of a major nickel discovery - high grade??????????

    hmmmm, sp will probably tank :)

    have a great arvo all - this is probably our last day on earth if the nutters are right -- I see the weather prediction for tomorrow is 4000 degrees and steam storms - if they are wrong there will be a hell of a xmas shopping rush on saturday :)
 
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37.5¢
Change
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Mkt cap ! $107.4M
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