only way is up, page-70

Kerem I would also like to highlight that FML is currently increasing its reserve base at a rapid rate. SBL does not have any reserves at the moment. SBL has a JORC resource which is quite a bit smaller than FML's (which is currently about 2 million oz). I think you should have a closer look at the reserves category as I believe SBL needs to do some work in this space to build more market confidence. SBL also need to comission their mill and get into regular production. Also they have only provided some very high level cost per ounce estimates. I think its hard to compare SBL to FML on the cost side of things as well because FML just went through a very high cost period (toll treating other's ore)and SBL isnt even producing.

That said, I think SBL has a bright future if it can get into production smoothly, can start defining reserves, can expand its resource base, can efficiently mine ore, and can increase throughput and grades. Still considering an entry. FML is something I have made good money on.