"Ok, in that case, why is the market's emotion pessimistic on...

"Ok, in that case, why is the market's emotion pessimistic on FML?"

anyone running a quick eye over fml on current numbers sees 4 billion shares, high production costs and low grade ore going through the mill.

If I came up to you and said would you like to invest in a company with "4 billion shares, high production costs and low grade ore going through the mill"

what would your initial thoughts be?

Its only when you research the company deeper do you see High grades at the mount coming on (now) higher grades coming from the pits (now) and initial TI drill results.And production costs are skewed because of the costs of ramping up the new pits and the mount.

Its only the research that gives an indication that FML has a 'chance' to come good in the future. (i was hoping the future is 2 - 3 years but CRE has put that up in the air a bit)