FML 0.00% 15.0¢ focus minerals ltd

Ann: Mineral Resource Update for Bonnie Vale Deposit, page-23

  1. 3,656 Posts.
    lightbulb Created with Sketch. 593
    this was released back in January. Still waiting for an unpdate?

    Coolgardie PFS The Company is continuing to weigh the various options available for the recommencement of mining at Coolgardie, including the possibility of sharing the Three Mile Hill with a third party to optimise the mining schedule and realise economies of scale in processing. In preparation of a potential restart, Focus has commenced the process to return the Three Mile Hill power supply that was temporarily loaned to Hanking Gold for its Southern Cross Gold Operation. Minjar Gold, which now owns the Southern Cross Gold Operation, is fully cooperating with this process.

    Im a bit lost with this. Why do we need a third party. How is everyone else mining and keeping to budget. Surely we need to optimise the plant running to reduce costs and crank out as much as possible whilst gold prices are up. Could also stock pile processed gold to sell during peak gold price
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.