focus minerals reserve upgrades, page-10

Hi C12,

You are 110% correct that the cost of production and underlying OI is a very big ticket item.

However, i feel sure that people (investors) don't understand this company. As you mention, the next Q (praying), should be much better and the yellow brick road ready to traverse for future quarters.

Given that a company's current share price should reflect "future earnings" + some indexing for exploration results etc, then why is FML still at low 5's when we all now the profitability for FY11 is going to be fantastic.

If production is going up, costs coming down from now on, then this should already be seen in the share price if people understand what is going on - irrespective of current results.

I guess it is just a matter of time until people wake up to this, but i certainly hope that it is not going to take till end next August to be valued properly..

I can't get over the fact that this is still being valued, even in my opinion, below current performance, let alone future performance.

Maybe as Reiner said, it is all a blessing for us to be able to top up as we all know where this is heading...