Brexit, Gold and Focus, page-40

Guys thus is a totally different company now. The big gold funds are gone and are unlikely to come back as there is not enough liquidity for them now. We are more like a private company with a very small free float so all moves are going to be on low volume from now on IMO.

This can work to our advantage but at the same time could turn into a two edged sword if the Chinese have an ultimate goal to take it all for themselves. That's why I only bought in when Lloyd Miller got over 10%, he will hopefully protect us from any moves by the Chinese to get it cheap if they eventually turn it back into a dividend maker. I really don't see a price target of over $1.00 being difficult at the moment even without production resuming, as long as they can get their drills into proving up some more decent resources. The market is putting a valuation of $465 million on DCN and they haven't even got one processing plant on the ground at moment, let alone the two that FML have (albeit with some costs attached to recommissioning). Let's see if FML can't surprise us at Laverton. They are sitting on at least half a dozen historical mining areas and I like what I've seen from Karridale so far.

Eshmun