where is the logic?, page-6

Logic ????? Good Question .

Everyone Recognises FML as a Low Grade miller/producer at the moment.

It's not rocket science to understand that IF Happy Jack and TI Highgrade open pits, come on stream 2011/2012 that a BLEND increase in GPT ,is the answer to a better SP with a rising POG

BLEND is in the hands of MANAGEMENT -( It's been mentioned before.They don't want low grade dirt left stockpiled.)

BLEND IT AWAY

Let's hear what transpires at Fridays AGM and see if there is a clue to a higher gpt going through the mill

If FML stays below 5gpt I don't expect anything spectacular with the SP . But one could bet on FML being in business for quite a while. Just jogging along.

MINE LIFE ( for crying out loud ) has to be THE BIG consideration for Management.

It's directly dependent on reserves and GPT put through the mill. Simple arithmetic.

So why all the flap about rock chips when we don't know the real numbers to do the sums that Matter.

Yes, FML's SP bounced on Rock chips and a dose of overselling- Blind Freddy could have seen that coming -

But the SP is not going anywhere exciting until they start processing a richer mix powered by OPEN PIT high grade at lower cost per oz

That could be stimulating -

MHO only - not intended as advice or criticism - AVAGOODAGM