morning all,
are people aware? Well god made breathing automatic because we aren't all that smart - probably answers your question.
People go on about costs - and in several ways rightly so.
They make a few mistakes though - most call focus a high cost producer ----- that is incorrect. It is indeed smack bang in the middle cost wise. It was before this last quarterly and I reckon it still is as all company costs are up (at least generally).
Also many of the low cost producers are two things - dammed risky (politically) and also slower growing.
You are completely correct in that the pog looks like a done deal for going strongly north - I don't know about $4500 - but it will be strong.
Fml is doing exactly what it says - aggressively expanding --there can be no argument with that one - 17k to 200k oz is a hell of an expansion rate.
The cost? - for that sort of expansion - peanuts. And they ain't done yet - not by a long shot.
fml is a company imo for investors - investors are people who set sights years ahead and not minutes or weeks.
As far as I can see fml is on track and on time - 2009, 2010 were never going to bring home the bacon - 2012 will bring some but 2013 it should really hit it's straps.
All should be pretty close to perfect timing for the price of the commodity - everything before that is just noise - and fast track development.
Additionally re. " the analysts hate gold - it spoils their main business and to accept gold is money would send them insane - something that very soon is going to happen !"
There is a lot of truth in that - they certainly hate gold - they hate what they can't understand - most of them can't even figure out why it has been highly valued for thousands of years --- by the time they work it out the fml's of the world would have made cartloads of money.
have a great day
Pinto
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4 | 118328 | 0.125 |
2 | 12000 | 0.120 |
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Price($) | Vol. | No. |
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