We should note and celebrate a major financial landmark has been passed: A profit of $3,006,000 was made after interest, tax etc.
This is amazing!! FML is now a profitable company for the first time in I don't know how long. With Bonnie Vale coming online and management on top of TMH processing volume I think we will start to see further increase in profit.
The big drag on profit this next quarter is costs of extraction and processing until BV ore kicks in so hopefully that is countered by the POG increase. I am expecting a big market rerate now that there is headline profit and outlook so rosy.
FML Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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