Cash about to start flowing and will be boosted by $150M of carried forward tax losses. ParentCo debt should be repaid in no time (<24 months).
So in 2 years FML will be
- producing almost 60kozpa (unhedged),
- debt free,
- with upside from:
- potential life of mine extension at Coolgardie from resource extension or acquisition of nearby resources, and
- development of the Laverton project.
$60M market cap is way too cheap. Should become pretty clear very shortly.
Ann: Focus to Commence Production at Coolgardie, page-23
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |