Not really, when you think of assets including a mill valued at c. $100-$140M, reserves and inferred resources growing and assuming no collapse in POG (the biggest risk aside from a massive natural disaster), then conservatively 10 years of profits of $5M to $50M ???? annually and it make sense.
The challenge is that FML cant control POG and also is not that interested in stating a long term outlook but rather churning ore fast on a rolling 2-3 year horizon. We shall see, but it is not a wild market cap at the new figures.
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 15.0¢ | $7.169K | 47.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 72753 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 14055 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 72753 | 0.145 |
3 | 56138 | 0.135 |
2 | 24000 | 0.130 |
1 | 4121 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 14055 | 2 |
0.160 | 47300 | 3 |
0.165 | 34919 | 2 |
0.170 | 8718 | 1 |
0.175 | 16889 | 3 |
Last trade - 15.33pm 13/09/2024 (20 minute delay) ? |
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