FML Investment case
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#. Proven resource of 1.8moz
#. Reserves will soon be upgraded
#. Mgmt: under promise over deliver
#. has Nickel as bonus
#. Good leverage to gold price rise in aud (30% rise in valuation for 10% rise in gold price)
#. Debt free/Hedge free producer by dec 09
#. plant recommision by dec 09
(reducing cash cost and potentially adding revenue stream by lending spare capacity[matsa agreement])
#. Profitable producer of 80koz/yr by FY10, 100koz by FY11, this is conservative estimate, once plant is recommisioned 150+koz/yr is not unachievable by FY11
#. Estimated EPS of 1c in FY10.
Speculation:
#. CEO's Vision of making FML a 220-300k producer in 3 to 4 yrs,
#. Game changing exploration underway with potential resource upsize of 5moz.
Ps: Please DYOR, This is not an investment advice
fml investment case
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13.5¢ |
Change
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Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $5.052K | 37.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 67803 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 18428 | 2 |
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