Let's look at the fact as we know it. Todays price of 0.18.5...

Let's look at the fact as we know it.
Todays price of 0.18.5 cents has not changed in the past 6 months. With Focus forecasting new mining developments why has the stock price not begun to rise? especially since Focus put this out.

Coolgardie: 402,000 oz produced over a 7-year mine life, C2 cash costs of A$1,482 per oz, AISC at A$1,618 per oz • At A$2,500 per oz gold price, pre-tax cash flow of A$342M and NPV of A$242M

Our core objectives in refurbishing the plant.
The plant must operate reliably for 7 years.

As a result of the Group’s operations in the past has an obligation to rehabilitate and restore mine sites. As at 31st December 2022. The Group has brought to account a provision for rehabilitation of $31,809,000. Investing A$53M in pre-production capital to restart operations.

This all sounds great but the savvy investors may be gun shy if they spent some time working through the 77 pages of the annual report Dec 2022. of particular note:
Financial Risk Exposures and Management.
The main risks the Group is exposed through to its financial instruments are market risk (including interest rate risk and
price risk), credit risk and liquidity risk.
Price risk
The Group is currently exposed to the risk of fluctuations in prevailing market commodity prices on the gold that would be
produced from its gold mines. However, as the Group is not in production, there is no available gold for sale. Therefore,
the Group is not exposed to any significant price risk.
Interest Rate Risk
The Group’s exposure to risks of changes in market interest rates relates primarily to the Group’s cash balances. The
Group’s long-term borrowing is maintained at fixed rate.
Credit Risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised
financial assets, is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the statement
of financial position and notes to the financial statements.
Liquidity Risk
The Group manages liquidity risk by monitoring forecast project and operating cash flows and ensuring that a minimum
level of uncommitted cash is available for immediate use and consists of cash on deposit and/or utilised borrowing facilities.
At the end of the year the Group held deposits at call of $13.5 million (December 2021: $13.5 million) that are expected to
readily generate cash inflows for managing liquidity risk. At 31 December 2022, the Group had $13.746 million invested in security deposits and performance bonds and $18.898million in cash and cash equivalents and short-term deposits. A 1% increase in the interest rate would reduce interest earning by $326,000.

(Independent auditor's report to members of Focus Minerals Ltd. Dec 2022)

Material Uncertainty Related to Going Concern. We draw attention that indicates the Group incurred a net loss of $4,138,000 and had net cash outflows from operating and investing activities of $4,131,000 and $19,512,000 respectively for the year ended 31 December 2022. As at that date, the Group had net current liabilities of $6,697,000 plus borrowings, these events or conditions, along with other matters as set forth indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. Related to Going Concern section, we have determined the matters described below to be the key audit matters to be communicated in our report. Determination of whether the exploration and evaluation assets can be associated with finding specific mineral resources and the basis on which that expenditure is allocated to an area of interest; • Assessing whether exploration activities have reached a stage at which the existence of economically recoverable reserves may be determined; and • Assessing whether any indicators of impairment are present and if so, judgement applied to determine and quantify any impairment loss.

What is not calculated here is there is a Mother in the background to look after the Aussie baby and so far there are no signs that if liquidity gets tight the purse strings will not be loosened. I feel China wants any part of Australia it can get we just might have to wait till Laverton gold project gets off the ground before the price stabilises upwards.