Yes the price of gold is certainly helping. Its good to see FML responds to the gold price positively.
In the past there seemed to be a disconnect between the 2. Guess FML is becoming more recognized as a producer.
While the small price increases are always welcome, I am more interested in seeing how the price reacts to the results from the last quarterly and the outcome of the CRE offer.
The last hartleys report estimated a FY11 cash cost of 941/oz. I would imagine they would have had some grounds to base this estimate on. It is also higher than any of the quarterly cash costs given by FML for this FY.
Will be interesting to see the quarterly number when it comes out and the effect of starting up the new pits. If hartleys is close for the full year costs, it may not be pleasant in the short term. Especially when the new shares are added in the event of a succesful takeover.
up!, page-16
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Mkt cap ! $42.98M | |||
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