I'm as bullish as anyone here on the FML fundamentals but I think talk of a buck a share is dreamland. To get $1 a share we'd need, IMO, a minimum EPS of 10c and even at $600AUD nett per oz, we'd have to be producing more than 430,000 oz pa AND have the capacity to process the thousands of tonnes of ore to get the Au. Right now we don't have the capacity or the resource for such pie-in-the-sky numbers. We'd need 4 Three Mile Hills and a ten-fold increase in the resource...
Let's be sensible. I'd love to see it happen (bye-bye day job) but $1 a share will only happen in the next year or so if we get a massive, SPECtacular, unheard of resource upgrade and the spec money piles in. I'll dream about it tonight but... Unlikely
Cheers,
C12
I'm as bullish as anyone here on the FML fundamentals but I...
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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 |