I think if you read the announcement properly there is more to it.
Ore sorting is going to reject low grade: flotation plant will be much smaller = low capex = increased likelihood funding. > 200g / t conc is not going to hurt either, particular for a logistics perspective.
I’ve seen your downramping of many stocks on HC / Twitter and don’t really want waste my time arguing with you. Just providing my high level thoughts for interested investors in FME.
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $14.37M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $30.49K | 1.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 465999 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 300000 | 1 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| FME (ASX) Chart |