FML 0.00% 12.0¢ focus minerals ltd

only green on my screen, page-2

  1. 417 Posts.
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    Hi gaggin

    Good news and bad news in the report.

    Bad news - much higher cash costs than what were reported at the AGM. ($537)

    I understand that they are off scrounging out ore in hard to get spots with low grade so we will have to see if these costs come down as reported in the quarterly when they go back to the high grade.

    Total ozs was a bit disappointing - again will have to see next quarter what the high grade brings.

    Good news - Very encouraging results on some strikes they have made.

    And this is one of the reasons why I hold and if I could, accumulate.

    Regards

    Gary
 
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