6 Years! Good Grief I would think not.
So we would agree we are "somewhere" in the discovery trough. Pantanillo is already a discovery ... and FLG is working to get beyond the inital MRE in the 43-101 with infill drilling to get JORC done and with a more representative cutoff grade (I've gone through that math several times) which will lift the MRE simply due to the gold price used. Stepout drilling isn't necessarily a priority but a nice to have (with "spare change" if available) to further increase MRE.
We are already a mostly Measured Resource - that can get converted to Reserves relatively easily - but what %. Even 50% gives Probable Reserves of almost 500Koz Au ... and that would be bankable.
So I'm thinking using your timeline
Discovery: 6 months
Feasbility: 8 - 12 months (permitting is the challenge)
Development: 8 - 12 months ... this is a dump leach project, dig it up and put it on the leach pad - no crushing etc.
Startup: 3 months
So 25 - 33 mths (2yrs - 3 yrs) ... I'll go with 30months ... Months to Metal set at 30 ... first metal Jan'28... nice aggressive goal. It is possible (I'd like to think even probable with the right capitalization of the company) but it needs everything to go right and there is nothing conservative about the goal (fools errand). Probably between my 2 1/2 yrs and your 6 yrs .. so 4 yrs 3mths ... so Oct'29.
But hey, I do have a more bullish view of the project.
- Forums
- ASX - By Stock
- FLG
- Ann: Change of Director's Interest Notice
FLG
flagship minerals limited
Add to My Watchlist
0.00%
!
4.9¢

Ann: Change of Director's Interest Notice, page-10
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.85M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $4.123K | 83.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44703 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 101829 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 44703 | 0.049 |
1 | 50000 | 0.048 |
1 | 52119 | 0.047 |
2 | 11400 | 0.043 |
1 | 50000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 101829 | 2 |
0.052 | 238343 | 3 |
0.053 | 135000 | 1 |
0.055 | 140000 | 2 |
0.056 | 110000 | 3 |
Last trade - 14.42pm 13/06/2025 (20 minute delay) ? |
Featured News
FLG (ASX) Chart |