"..I don't see the attraction to TRY. They have total costs of $1,203 per ounce compared to FML at around $900. In addition, it seems that they are unable to increase production..."
ROFL. You seem confused. You are only out by about $700poz plus. Even probably more soon. Suggest you make that statement on the TRY thread. I'll be interested in the responce. Additionally Sandstone closed some time ago, its now being explored fby Western Areas on a royalty basis. The action is (especially) Casposo Argentina and Androlinas Brazil, both of which have cash costs much lower than FML
As for FML. What is factored into the sp is hope more than current and future risk.
high cost producer leverage to rising price, page-15
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