Indented Head is correct in saying that FM's plan is to use the cash regenerated from Coolgardie to develop Laverton. That makes sense to me, as it certainly seems as though the greater wealth is to be found there.
I am not looking for dividends soon, but I am waiting for 30 April when first quarter's report will be released (that is their normal pattern) and we see how much cash they are actually generating from current processing, as well as how they are progressing with plant refurbishment and the plan to resume open cut mining in this second quarter.
I believe that when the market sees the amount of cash being generated with the current high gold price, and actual work happening to deliver more, then the share price will react - hopefully with a significant increase.
Indented Head is correct in saying that FM's plan is to use the...
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