FML 0.00% 19.5¢ focus minerals ltd

Ann: March 2024 Quarterly Activities Report, page-9

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  1. 1,781 Posts.
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    DECEMBER 2023
    Processing 266,786 tonnes of gold ore at 0.98 g/t (mostly from low grade stockpiles)
    and 87% recovery produced
    7,262 ounces of gold for the quarter

    Cash (unrestricted) at 31 December 2023: $1.198M


    MARCH 2024
    Processing 245,317 tonnes of gold ore at 0.79 g/t
    and 89% recovery with
    5,938oz of gold poured.

    Cash (unrestricted) at 31 March 2024: $2.655M (After cash injection/loan refinanced)

    FML MANAGED TO PRODUCE LESS GOLD AT LOWER GRADE THAN WHEN THEY WERE PROCESSING LOW GRADE STOCK PILES.

    IF GOLD WASN'T AT $3700 THEY WOULD HAVE TO WITHDRAW MORE CASH WITH MAKES ONE WORRIED ABOUT HOW THIS QUARTER MAY GO.

    I WONDER HOW THE MARKET IS GOING TO RECEIVE THE NEWS. GOOD LUCK ALL.



 
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