2012 - all mines cashflow positive, page-4

G'day trigan7 a great find thank you TU. In a time of reduced boredom levels and healthier sentiment you would get a bundle of TU's.

This is the opposite to what I saw back in early December on another thread where the mood was nothing but excitement - and I came along and 'cautioned' before it crashed 31.6% ouch. I don't offer this type of research in HC very often across the sector.

At this time I am taking the opposite view on FML here as you would gather. My caution on FML from a few months ago is fading to very low levels as risk: reward offers tremendous upside.

trigan7 - as I said a great find. A couple of things spring out off the page, in between the amusing translation differential.

Dean Goodwin spreading his expertise across the entire FML ground as head geo has to be a good thing...

Cost estimate over coming quarters at Laverton, initially down to $1250 is fantastic and expected in my estimates of the turn around. Focus now shifting to cost reduction - since supply is now handled! Mined 36,000 oz, yep we knew that but great to hear again it means CRE could outperform the expectations - but at minimum they have scope to manage smaller mishaps and still hit targets.

2012 all about solid production and drilling with expected upside in resources to follow.

This all points to a re-rating in the not too distant future and inspires me to keep adding modest parcels of this one on dips. FML is undervalued IMO.

Good night all,
CW
DYOR&DD