FML 6.90% 13.5¢ focus minerals ltd

I am as curious as everyone else on the forum about how we doing...

  1. 123 Posts.
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    I am as curious as everyone else on the forum about how we doing for Coolgardie so far.

    Since the compnay hasn't crunched the number for us in the most recent qrt report, I decided to put the number together myself.

    https://hotcopper.com.au/data/attachments/5948/5948206-130376cbc0cb09aeaefc96f2bb09cb94.jpg


    Actual AISC 2826/oz (vs planned 2494/oz) represents a 13% cost increase which looks ok to me considering the inflation we had in the last few years. We are pouring more gold than planned but with lower grade and recovery so far.

    NPV side, Coolgardie should worth around 400m (POG 3000 and 7.5%). If budgeting in 20% cost blowout, the number will go down to around 300m. From any valuation point of view, FML is a steal at the moment.

    All my rough calculation, feel free to correct me if you find a mistake.

 
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