FML 0.00% 15.0¢ focus minerals ltd

Ann: Resource Update for Big Blow and Happy Jack Deposits, page-11

  1. 5,930 Posts.
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    nothing.. its basically in the abandonment phase in terms of market psychology, it will run as soon as a restart date is announced.
    I agree its on the high end of costs with low grade.. but now we are in a new bull market on POG, the risks of that higher AISC are of less importance, the next retrace on gold and subsequent advance to new highs will put to bed any idea that the PoG correction has more to go.
    Capital will highly likely be debt based than dilution, so risk of CR is negligible IMO
    enjoy the cheap price, high 20's low 30;s looks to be where its resting at. I guess people have their money elsewhere for quicker oportunities and will come back as soon as a start date is announced
    Last edited by FishingAndBeer: 01/06/21
 
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