focus valuation part 2 - acquisition, page-80

I haven't read alot of this thread or other threads on FML lately, so don't if it has been mentioned before, though here some why i think this is a great deal:

FML post takeover;
Producing 230,000oz p/a (assuming the new mines costs are same as that of current mines so about $800) gives a good $600-700 margin which should give a profit figure of about $138-161m (which is huge, with current MC post takeover still less than a P/E of 3)

Secondly, now has 4.4m oz of gold, with more to be added (expected) as we have some great exploration targets, including TI.

Purchasing CRE for about $60-65m, is expected to give FML 100,000oz of gold producing from its first year. if cash costs per ounce are at $900 and gold price remains at $1500 than the mine should give FML $60m profit for the year (the cost of the whole company, its assets and longer life mine than 1 year) -Though i suspect there are costs to developing this project that i haven't yet looked into.

One last thing, PRU another gold developer/producer, is planning 200,000oz production in 2012, it has 5.7m oz of gold and has a market cap of $1b and was about $1.6b while markets were healthier,

So heaps of growth ready for FML, though i suspect that it will all start happening after the takeover is complete.