Not really, when you think of assets including a mill valued at c. $100-$140M, reserves and inferred resources growing and assuming no collapse in POG (the biggest risk aside from a massive natural disaster), then conservatively 10 years of profits of $5M to $50M ???? annually and it make sense.
The challenge is that FML cant control POG and also is not that interested in stating a long term outlook but rather churning ore fast on a rolling 2-3 year horizon. We shall see, but it is not a wild market cap at the new figures.
explaining recent days movements, page-7
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $7.169K | 47.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 72753 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 14055 | 2 |
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| Last trade - 15.33pm 13/09/2024 (20 minute delay) ? |
| FML (ASX) Chart |