a question of cash cost, page-2

easy one pinto:

The idea to keep LT investor hanging on for another 4 years before real physical gains - not a winner

Re-phrase that and say : FY 11/12 we keep doing that so we have a good understanding of what we have and rationalise CRE operations this and next financial year to stream line and create a balance of 100 mill in the bank

Much better

And the idea of "all things being equal and no GFC2" already puts this in the "can't compute" drawer

Nice exercise to justify were FML is at - right now - but not a productive game plan for another 4 years

Either the SP appreciates markedly after this CRE debacle - or reserves (hang on, in the past reserve never bothered FML???) increase markedly - or there is a dividend because we make so much money (or Cap Ret as RMS has done twice plus a divvie - and guess what: they have 100 mill in the bank)

Not without my money - at some point there has to be an upside or punters may as well invest in total speccie explorers knowing the can make 200 % if they play the "pump and dump" game.

my 6.6 c