I think U put in wrong info on purpose Or U need more DYOR in 2012 top high Pd price was USD640/oz USD/AUD 90c = AUD 711/oz Now the Pd price is USD1800 + now AUD2570/oz at 70c USD N now in some FME resource, it is in indicated resources ( 16%) N most of it is less than 150 m depth only Good for open pit. POD . All resource are in inferred resources POD will have to spent this more $ to drill
In 2012, FME was looking at mining the narrow reefs only. These reefs have maybe up to 5 g/t But what do U do with the rest of 1 g/t ore? All PGM companies now looking at bulk ore. So FME do like for like. Bulk ore. N so do open pit. N everything U dig up is $ So what else do U want?
FME Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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