hartleys put fml at a 75 cent target, page-14

LOL Ronstaa,

Now 10k would be wonderful but that would give FML a share price of around $1.84

I will use approximations as we are now just talking high pie in the sky figures.

$10000 - $600 costs = $9400/ounce EBITDA

$9400 x 80,000 production = $752,000,000 EBITDA per year.

Deduct 30% for tax = $526,400,000 profit

$526,400,000 x P/E of only 10 = $5,264,000,000

5,264,000,000/2,852,543,210 = $1.84 per share

I am not endorsing this as a future share price.

Just showing you how way off you are in saying that Gold would have to be $10000 before FML got to 75c.