PintoGreat to see you posting after a couple of relatively quiet...

Pinto

Great to see you posting after a couple of relatively quiet weeks from yr good self. BACK IN A BIG WAY today!!

Agree 100% on all counts.

1) As far as wanting FML to be somethimg its not ie a steady, sleak 200koz producer (not that theres anything wrong with that) then I say you cant have your cake and eat it.

We could pull the DD rigs off the Lake tommorrow, throw a farewell party for DG and wish him well in his next project (though I think he'd have to be dragged away from TI kicking and screaming :-) )

That would certainly create a more streamlined, easy to monitor and manage company. How many people seriously would wish for that to happen? Focus are thinking BIG and I like it BUT I understand its not for everyone. Determine your risk-profile and act accordingly

2) As far as keeping your # of investments to a managable level...SPOT ON MATE. imo you need to view your share investments as if it were your own company.. LEARN/LISTEN/ASK/RESEARCH/UNDERSTAND as much as you can.

CW made a great pt recently about the market (and Ord Minnett) looking in the rearview mirror. Those who take the time to look forward will clearly see the impressive momentum of the CRE turnaround.

Reminds me of a few years ago when 3MH got up and running...we were throwing a fair bit of low grade stockpiles thru, as well as treating some ore on a toll basis for La Mancha. Market made its own assumptions but those of us who looked at the big picture could see we were headed for better times.

17koz/80k/180k...we are NEARLY at (for want of a better word) a tipping point where any future acquisition or new pit start becomes easier. We have gone from 1 mine to 4 in v short time which is HUGE accomplishment.

Once CRE ownership is sorted (whether we stay 81% or a deal is reached) and we have certainty & stability... we have a firm base to launch off. imo upcoming quarterly will show impressive progress.

Going from 4 mines to 5 (then 5 to 6) will be smooth compared to what we have managed to achieve last few years.
Please excuse my simplistic explanation (4 to 5 etc) just trying to paint a picture.

I could go on and on but one final suggestion to any doubtful holders. Go and read a heap of Fitnfams posts and you start to get the picture that our management is running the business in a very unique way. Take cues from his posts and DYOR from there and then ask if you wanna be part of the FML story.

Looking fwd eagerly to Quarterly and even more so to CW report to follow.

Meanwhile Deans rigs keep on turning....

Cheers

Couchy