FML 3.45% 15.0¢ focus minerals ltd

Ann: Significant Increase in Karridale's Mineral Resource, page-6

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    Pure speculation, the Laverton deposits should easily hold closer to 3mm Oz, than 2mm Oz, predicated on:
    a) 1.9mm in resource noted in the 28 January 2020 announcement.
    b) 235k at Burtville
    c) Burtville South is a large undefined deposit, with reasonable hits, noted in the ASX announcements 30 January 2019 and 29 April 2019.
    d) Target resource upgrade at Karridale reaching 1.0mm to 1.4mm Oz.

    A salient point on page 6 of the 28 January 2020: "attention now on mining studies and approval-related programs".

    It will be reasonable to think that the 5 year mine (+5) plan will be released in 2020.

    I note FML's political masters have engaged in public forums with US banks on funding mines.
 
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