It was interesting to see that Bell Potter and Pattersons among others have strong buy ratings on FML.
With gathering support from Institutional and Overseas investors FML will with time become a household name in the resource sector - similar to what occured to Oxiana Resources (commenced with a small deposit). Its also interesting to note that circa 10% of the company is owned by German institutional investors - very impressed with the companys ability to increase FML's overall exposure at home and abroad. This is also reflected in the media coverage in all forms.
Most importantly now FML owns 1.9m OZ of high grade gold. The upside to this is phenomenal - considering the 200sqkms of untapped tenemants this resource really has the potential to multiply 10 fold with time.
One of the most crucial points that many have overlooked is the commissioning of the mill which will occur over the coming fortnight. This will enable FML to become more efficient and be able to generate output 365 days of the year. Currently there are outsourced 'campaigns' which yields 250-270 output days... With a higher resource inevitably around the corner an operating mill (to be commissioned over the coming fortnight) will be pivotal to FML's bottom line.
FYI - Pattersons, Bell Potter and other brokers are recommending FML with a price target of 12-15c. To me this is a no brainer. How many other profitable producers are there out there with FML capabilities.
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.01M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.5¢ | $396 | 2.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16022 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 54846 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16022 | 0.185 |
5 | 130191 | 0.180 |
1 | 17000 | 0.175 |
1 | 80000 | 0.170 |
1 | 38458 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 54846 | 2 |
0.200 | 53064 | 3 |
0.205 | 10000 | 1 |
0.210 | 7115 | 2 |
0.240 | 65509 | 2 |
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