gents,my apologies for adding to the lowered tone of this...

gents,

my apologies for adding to the lowered tone of this thread.
Couldn't help myself.One should never kick a lesser being-mum always said.
It distracts us from the initial thread post and Pinto's generous insights and gut feelings on his viewing of operations and discussions at FML.

I don't personally have the luxury of the time to make such a trip and certainly don't have the level of investment to warrant the access.Although its such a lovely day,I'll carry on sitting at the beach and enjoying the view and the call to work,well they can get someone else.However for me it is my largest investment and as Pinto has plainly said,reviewed at every opportunity,as it should be.I have said before,i have spent the best part of 3yrs,looking for a reason not to be here and continually adding to my holdings,even at 9c.Happy as a pig in mud with my choice,believe me.

In that time i have DIVESTED NST and a few other GOLD interests that i see others rushing to buy like sheep for short-term gain.
Timing certainly could have been better for leaving there and being here,for the major moves,but all said and done,give it 3yrs and NST will still be doing what it is and FML will be 500koz at some interesting cost figures IMHO,with cash to burn.

Laugh as you will and then look at the history of BHP and what made it great in its infancy and gave it so much cash to get into steel and set the stage for other minerals.

I've always liked the song "History Never Repeats"by a kiwi band,because it always does.The same fools always say it won't,this time,every time.Worse to come there,Global steel capacity reduced to 12% at the bottom last time.It is still around 77% at the moment although set to reduce further now.

Consider this-Technical assistance to Barrick to lift yields 4% and then help them tune the plant for optimum yield.It wasn't a specialist consultant that came in and did this-but FML.That they were allowed to,says much for the standing they have with THE BIG BOYS and Barrick in particular.
I don't see Barrick out to particularly help them in the future,that's for sure.Barrick Know where they have come from and were smaller than FMl not so many years ago.DYOR+DYODD

300kt at 10g/ton hitting the mill at $1400 an ounce is all we need,or 300kt at 5g/ton at $1600 an ounce,given costs of $1200ish,to really get the show underway NOW,OR maybe just drop $200 an ounce off costs and still get the grades?
Afraid we'll just have to wait until the cash comes in to do the work that needs to be done.
I don't necessarily see cash accumulating,but i do see an acceleration of pre commitment to capital works,overburden removal and Mr Fromson ensuring costs fall and not a cent is lost,that can be saved,continually de-risking the business,so it can survive any downturn.
That cash will be allocated as it arrives,is booked and can be spent.Now the structure is in place for the new accountant to KNOW CASH FLOW IN ADVANCE.Know how many ounces at the end of each day,forward production and liklies for the next month,or the month after.
No doubt even demand certain grade average ore is produced for a certain outcome.

Overproduce ore and you can dial an income given the current gold price and that is what we are seeing the quick transition to-income management.No point leaving money idle and paying tax when you don't have to.
Pay the bills.Pay the contractors and keep up to date,while heading towards the king hit.

FML is moving into becoming a cropper of its resources,not dictated to by them as they produce and have to sell.Much like a farmer having a cool store and bringing out chilled strawberries in the middle of winter when the price is HIGH,rather than summer when even good fruit is only worth a pittance.If your on the breadline you have to sell your produce and take what the market offers,on a daily basis.FML no longer do,that's the point.They can store good ore and book the cost of handling it prior to milling.
Only by 2500 ton last QTR at Coolgardie,but i truly expect that to grow significantly soon.

DYOR+DYODD FML selling 100koz on pre sales at $1600/oz+ and producing 200koz + here's hoping. Barricking Barrick in the future - i can see it already.