FML 0.00% 12.0¢ focus minerals ltd

decision to mine nickel and gold, page-2

  1. 318 Posts.
    That was quick Cantona.......You are spot on with dates Nickel drilling and production will pay for further exploration on other significant sites, they showed that current nickel only scratching surface as has only been drilled to 500metres other nickel companies in same area have gone as far as 2.5 kms deep and have found better grades and higher resources, they are looking to de water lower levels soon and will drill from inside the mine as to achieve lower cost drills, so from the 500metre base at present downward. There are 4 other nickel locations which have never been drilled or estimated which they will be drilling next year with huge opportunities of the same quantity of nickel as the original mine output plus plus...they have been carefull to fully understand the gold resources where they are and how to get to them and believe the gold estimates are a conservative level, as they believe they have much more in the current areas...plus many more areas to drill.....one of the directors stated "we have had to focus on current areas although we are very excited about many of the other prospects yet to be explored it has been difficult to put them aside".....
    they also where asked about burn rate $$$ and up and coming costs they believe they will not need to look for any more capital raising as they believe they can cover all costs into production...
    This is definantly a well run and thorough organisation who will not risk company and shareholders money and will prove in up and coming announcements exactly what they have got and how they are going to get it out....they have nearly completed all the refurbishment (besides some water removal) and all is on target for the first gold pour and the nickel removal.....great times ahead!!!!
 
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