Cash about to start flowing and will be boosted by $150M of carried forward tax losses. ParentCo debt should be repaid in no time (<24 months).
So in 2 years FML will be
- producing almost 60kozpa (unhedged),
- debt free,
- with upside from:
- potential life of mine extension at Coolgardie from resource extension or acquisition of nearby resources, and
- development of the Laverton project.
$60M market cap is way too cheap. Should become pretty clear very shortly.
Ann: Focus to Commence Production at Coolgardie, page-23
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Last
12.5¢ |
Change
-0.013(9.09%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $6.335K | 47.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.58pm 26/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |