FML 3.70% 13.0¢ focus minerals ltd

sp falling falling fallin.splattt!, page-22

  1. 381 Posts.
    Production
    Group production for the period was 90,056oz
    (80,921oz in 2011) from 1,513,629 tonnes
    milled at an average grade of 1.85g/t.Gold sales in the period totalled 91,073oz at
    an average gold price of $1,598 per oz (2011
    41,504 oz at average price A$1,625)
    generating revenue of $146,181,000
    ($104,486,000 in 2011).
    Wow that sounds great Mr Director. But you forgot to mention the White Pointer in the bath tub. Or the Battleship in the fishing boat harbour.Or the nose on your face:
    Revenue $146,181,000
    Mike Production costs $136,971,000. North of $1500 per ounce. Then there's those other nasty costs that put a company producing 200,000 ounces pa well into the red.
    But Heh, who cares. You have 233 mill to go before the party's over..

 
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