That's the response I was expecting. You could've said you don't know.
The gold industry has challenging cost pressures that have been increasing over 10% year on year out.
We'll give FML the benefit of the doubt and say cash cost will not increase this financial year.
Gold price - $1570
Cash costs - $1200
$370 "profit" x 175,000 ounces = $64,750,000
Subtract:
Royalties = $12,000,000
Admin = $16,000,000
Exploration = $16,000,000
Development = $20,000,000(very generous)
Other = $1,000,000
Result = (250,000) before paying debt.
FML has very little room to move without a substantial gold price rise.
Regarding the TOU's, you can see which side of the fence they're coming from. I've seen plenty I could call baiting but I'm a big boy.
That's the response I was expecting. You could've said you don't...
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $53.01M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $13.12K | 70.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 118797 | 4 |
View Market Depth
| Last trade - 15.45pm 01/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |