Thought this may be of interest to FML share holders.
Company Valuation Resource EV
Valuation $0.116
Primary Resource Gold
Potential Gain 68.23%
Gold Ounces 2,701,976
Market's Enterprise Value $127,775,907
Market's EV per Ounce $87.86
Resource Enterprise Value $289,748,821
Av JORC EV per Ounce $125.11
Av Discovery EV Per Ounce $50.00
Summary
Something brewing at their Treasure Island tenement. Heavily diluted
Description
Normally with 3bn shares I would ignore it - too diluted for me, but minesite.com reports something may be brewing at Treasure Island and minesite.com have been known to come good before.
Active producer explorer with a growing portfolio of tenements. Arguably undervalued on existing resources coming in at $83 per Oz
Looking at their announcements they are spruiking Treasure Island as world class so are they saying 3m Oz?
They are claiming it is 6km of strike with rock chips in the 50 g/t range where they are exposed above the lake.
Significant number of samples contain fine visible gold.
Actively drilling but keeping results close to their chest.
Drilling slow at 30m per day
Link to full article ---
http://www.brentonthomas.info/market/ValuationReport.php?Code=FML
Thought this may be of interest to FML share holders.Company...
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
View Market Depth
| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |