fml in current environment

Rise of gold is good for FML
Fall of Aud is good for FML in non hedge environment
Fall of Aud and fall of gold is not bad for FML

With economy slowdown predicted, commodity & Aud will fall further or continue at current level at best, Making Self funded gold specy FML very attractive.

"Self funded" is single most important virtue in current environment.

Multi fold production increase in pipeline, Reserve increase potential, lost cost production are other reason why I am bullish on it.

Fml management has an habit of under promise, over delivery, which is a very positive sign for long term.