would you invest in fml?, page-3

recyug

thanks for the input.

I see the exploration as being very narrow minded,less about extending figures to look better and more about finding the best and cheapest source of high grade ore for the mill to accellerate FML with a turbo boost in these peak times.Gold in the hand being worth ten in the bush.

Even the drilling of current pits before opening,the drilling was only to justify the economics of opening them up again,not delineating a full pit depth profile.All i needed to see was a trend to rising grades as those mostly shallow holes got deeper to know why it was pointless drilling any deeper and pointless to do it expensively when you can do it from the pit floor,when your down lower to keep you going.

I suspect that FML's exploration is atleast 50% more cost effective than most other miners as a result of such sensible economic decisions.
They know what's there,longtime holders know what's there and as long as we remain undersireable to corporate outsiders we can grow and add shareholder value without hinderence.

Some very old research talked of most of them progressing to undergraound operations from memory
3Mi mill i suspect is sitting on a big hive of recoverable ore at depth with rising grades a natural consequence of depth.


Note-nearly every latest pit picture FML produces says open at depth and quite often along strike from memory.I know many others companys do so as well,but the fml pictures also show,not just the odd hole into those depths as well,normally well out,but enough to give a taste of what may be there.If there was nothing they'd define each pod off as has always been their habit.