Ore Reserve estimate are generally conservative, but look at previous announcement. The 7 yr mine life Coolgardie project is based on ore estimate $2,200/oz. Gold price is in aussie dollar terms is around $3,000/oz .... So there is potential upside to extend the mine life, if gold price holds above A$2,200/oz...
But the Shandong majority shareholder has been sitting on this asset for some time and I suspect the market perception of FML's management is very poor and weighing on the sp...
Ann: Focus to Resume Production at Coolgardie, page-77
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $380 | 2.715K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1169 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 11549 | 1 |
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| Last trade - 13.23pm 07/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |