PRU 0.35% $2.84 perseus mining limited

Long story but FML was once top 10 Aussie gold producer Since...

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  1. 1,781 Posts.
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    Long story but FML was once top 10 Aussie gold producer

    Since the downturn in gold 2012 to 2020 company had multiple hiccups like most developers/explorers and closed 2 processing plant in Colgardie and Laverton. Majo
    They struggled to get financing but major chinese shareholder provided them with a loan. last year they have refurbished one plant Colgardie that is now starting to produce gold again (last quarter from low grade stockpiles and this quarter from higher grade deposits). Market cap $50m and over 7Moz
    Basically they are a turning point and still have Laverton deposit with 4Moz that can be refurbished. Hoep that helps
 
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