FML 7.14% 15.0¢ focus minerals ltd

Dekla check out Ramelius Resources it can be compared with...

  1. 71 Posts.
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    Dekla check out Ramelius Resources it can be compared with Focus. Currently cap at 150my, in the process of raising $15my, has the Burbanks gold plant rated @100,000t/annum, slated to develope underground at Wattledam mid 2008 67,000 ozes. They are suggesting they have a potential to develope >1my oz down plunge, but with no drilling as yet to indicate that sort of potential. In addition they have 10kms of a proven Ni Ultramafic Belt with two sulphide intersections .5m@2%Ni and .1m@5%Ni. They have to truck their ore 65kms and the low throughput would make their processing costs somewhere between $35-45/tonne. The upside is the high grade +15g/t/Au. Unfortunately you will have to pay north of 1$/per share.

    Another comparison is Barra capitalized @72my slotted to restart underground gold production mid 2008, however I can't find a jorc resource statement, but I believe it is below 100,000ozes. In addition they have a Nickel project called Mt. Thirsty that they are earning into which has an indicated and inferred resource of 29,970,000t @.14% Co, .62% Ni and 1.01% manganese. This is a laterite project. They will cost you between 35-40cents/share to get into.

    Both companies are operating near Coolgardie but have insignificant land holdings in comparison to Focus, as is their asset base in comparison 1.65my ozes, 13,000 contained Nickel tonnes, 1.2my fully permitted plant and starting both Ni and Gold production in April. Focus is capatalized at 60my.
 
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