Hi fitnfam, I think you've got an excellent take on things! With a market cap of $152 million, and a projected cash flow of $2.6 billion based on Au resource only,this looks cheap. Nepean and the large amount of komatiite on Focus' leases could double that with exploration success. Is this another Flying Fox? Three mile hill mill is a wonderful asset that can fund exploration, and aquisition at an accelerating pace as Au production increases. Are we at the shallow end of parabolic curve? The steady progress of FML from exploration hopeful, to an unhedged, debt free mill owner has not happened without a few bumps in the road, but it happened. Is focus about to change gears? DYOR, K
FML Price at posting:
5.3¢ Sentiment: ST Buy Disclosure: Held
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