From my research there is not a lot of junior miners in Australia with costs less that $800 per oz (CTO has gone for years mining shareholder pockets instead of its gold mine).
FML (and the rest) could stop all exploration and just mine known reserves.
FML can stop processing low grade stock pile >0.8 gpt and stick to the higher grade resouces from the mines.
I don't think gold is going backwards in the foreseeable future.
at what pog is fml still a winner?, page-11
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |