excellent find!
very confidence inspiring!
Wonder why CB hasn't explained it that well to the Australian market!
(Try google translate if your German isn't that hot!)
May para-phrase some of the points:
CB: achieving 77000 ounce milestone , 3 more for '10: 3MHM, Tindals underground online and increased ore and The Mount(avg grade 8g/t mined new phase 30000T/month/5.5 g/t)
CB: outlook '11: 100k "12 130k
Tindals, The Mount and a new open pit near Tindals
CB:(comment on avg grade at mill 2.03g/t) improvement to 2.18g/t already - last Q 151000T @3.56g/T, CB calculating Tindals alone will prod 135000T/quarter @ 3.5g
CB talks about The Mount coming on-line in March 30000T/month @ 5.5g/T within 6 months
Tindals open pit in June Q : add 30000T/month @ 2.2g/t
CB: pleased with prod cost of 877 - aim to get to 800
CB asked about his fav's for '11: TI but very early stage -
Dreadnought and Big Blow: in June Q
CB: exploration spend of 1 mill/month
CB:The Mount - down to 186 m and progress in Jan - initial ore prod for end March. Talks about establishing a new underground mine from existing cash-flow and reckons The Mount will produce 60000ouc/annum within 6 months
a lot of talk about intrinsic value of FML and FML's discount to "real" asset bla bla
Napean NI project: re-evaluation in second half '11 - potential for more Ni
(I'll be holding till end of Q1/'12 - if we haven't moved a huge chunk by then no-one can help FML!)
interview with baird in german, page-3
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