I don't know how we will do it legally but here is my move.
Move cre mill to somewhere near the Mount and TI - that will take about a year. Cost should be easy to fund from inside. Fixed price as usual.
At the end of that year the mount will have a large stockpile waiting - because 3 mile won't be able to handle the amount of dirt coming it's way.
The mount won't take up full capacity of the new mill, so hopefully TI will be entering development phase by then - this yes, is not set in concrete as you say --- BUT, the fml boys have been dead set on TI being a MINING venture - they were so keen even before the first drill went down. imo there is no way hose, that fml will not mine TI, it is only a matter of when - assuming we are left alone.
Getting another mill near coolgardie operations is good imo - mills always have a risk of down time - just ask rms about their milling problems.
fml of course, did the outlandish a year or 2 back and used some capital from a raising to buy spares - lots of muttering but a very sound practice.
Anyway - if that move isn't next, it will be up soon imo.
As to your token divvy ----------- I doubt that. imo if when we move down the dividend path we will go that way with regular, reliable stream. We 'might' do a special, but I would think rather than a special either a capital return or a buyback would be preferred ------------- all that said, I don't think any of those really - I think, growth, growth and growth with a target bank balance of about $100 m -- anything over that will be spent growing.
my overrider on this bit --------- gold going ballistic - that could change everything. second overrider - there are actually a few mills lying around the goldfields - one mill is our risk at present imo - so who knows who will come knocking at fml's door - we have had two callers lately, cre and semro - and we have danced with both - so who knows who might knock on the door next ?
have a great day
Pinto
FML Price at posting:
6.2¢ Sentiment: ST Buy Disclosure: Held
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