CRE FML

Ann: FML: Takeover of Crescent Gold by Focus Mine, page-41

  1. slura
    3,860 Posts.
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    20/06/11
    12:41
    Post #: 8560645
    re: Ann: CRE: FML: Takeover of Crescent Gold ... Hi hcmif,

    You mention the mill that CRE own. It is a 1.5mtpa mill(slightly bigger than TMH mill, currently operating at 1.3) that is on care and maintanence and in good condition. It is on care and maintanence because it wasn't designed to treat the type of ore that CRE have. You could pack this mill up and transport it for a fraction of the cost of a new mill and have additional capacity. IMO, the management at FML have this is mind for furure capacity.

    FML Price at posting: 7.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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