Read this: http://www.businessinsider.com/john-paulson-gold-at-4000-double-digit-inflation-real-estate-2010
If you have done it then bear in mind that rumors going around is that Paulson's bets including the one in housing and banks have been a disaster and that he has been receiving margin calls and requests for redemption and will be force to SELL gold to cover losses.
Question? How many Paulson's are out there and how many followers is Paulson and the others like him loosing? For instance, how many people still believe in double digit inflation for 2012 and gold at $4,000 per troy ounce?
IMO this is one of the several external factors affecting FML as well as all other gold miners right now. Things may change but at the moment it is very difficult to move gold share prices up even on account of expectations of more ounces of gold for next year or the year after.
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