FML is a marginal gold mine, that is, a mine that is producing gold at a rate that barely covers production costs.
What will happen if the price of gold goes up? At first profits may explode but after awhile they may come down to, probably, the same level as before.
This is because the costs of operating a marginal gold mine will rise as a deposit that is not economic to mine at one price will become economic to mine at a higher price.
Do you get it?
are people really aware?, page-45
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $54.44M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 19.0¢ | $11.46K | 60.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51329 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 149 | 1 |
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| Last trade - 15.56pm 06/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |