Let us put this to bed.The Company has continually disclosed...

Let us put this to bed.

The Company has continually disclosed that CRE are and will continue to produce 100,000 ozs per year.
FML share of that is 81.57% = 81,500 ozs

In an open briefing to the market on 8 June 2011 which you will find in announcements CB outlook statement for FML was 130,000 ozs for Calendar year 2012.

130,000 FML + 81,500 CRE = 211,500 Merged hence the 200,000 + they keep referring to.

Lets hope they deliver.

In regards to the Sept QTR CB also stated in the open briefing 8/6/11 that the company is well on track to produce 100,000 ozs this calendar year 2011. This means that for the 6 months to June 2011 the company produced 36,493 ozs which he would have known at the time of announcement.

This leaves 63,507 ozs for this 6 months to December 2011.
Sept QTR has to be 33,000 + ozs as December will probably be a shorter month.

CB does exude confidence when he speaks but he must deliver on this exuberuence.

If the company doesn't deliver on guidance then don't expect the share price to rise.