FML 3.57% 13.5¢ focus minerals ltd

No doubt they'll burn a bit more cash next quarter with the...

  1. 5,515 Posts.
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    No doubt they'll burn a bit more cash next quarter with the final round of toll treating. After that, with increasing higher grade production, they should be cashflow positive.

    I presume they were using that low grade stockpiled ore due to the high gold price? If the gold price drops they can forget about that stuff for a while & use the higher grade stuff they're pulling out of the ground. All my assumptions of course.

    Still, a bit dissapointing that we have to wait another couple of quarters before real progress is shown.
 
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