FML
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0.00% 13.5¢ focus minerals ltd

I know the market doesn't care but FML just added another 60,000...

  1. Pebbles83
    101 Posts.
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    05/10/23
    17:08
    Post #: 70194342
    I know the market doesn't care but FML just added another 60,000 high grade indicated ounces at Bonnie Vale.

    If we assume 90% convert to reserves with a margin of $1,000/oz, then that announcement suggests an additional $55M of value (roughly equal to FML's existing market cap!!!). Meanwhile shares trade down. Flummoxed.

    From:
    https://hotcopper.com.au/data/attachments/5631/5631836-7ff2270b25f5e845a0efd2f6feff38b7.jpg

    To:

    https://hotcopper.com.au/data/attachments/5631/5631815-7479fcbf60d00607d43a1f7b3341fc12.jpg
    FML Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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13.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $38.68M
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13.5¢ 13.5¢ 13.5¢ $7 52

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2 52002 13.5¢
 

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Price($) Vol. No.
15.0¢ 3300 2
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