Rod,
I take no offence to criticism of FML - I understand what you are saying as I also have positions in RMS, MML and SAR (I also like SLR).
The original point was that as a higher cost producer, FML has greater upside valuation when the gold price rises. In fact, I think I worked out that FML will be on a PE of around 4 (based on high 5s SP) in 2012 should the POG sit at $1,750.
high cost producer leverage to rising price, page-20
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $37.25M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $4.572K | 34.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 29731 | 1 |
View Market Depth
| Last trade - 12.16pm 08/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |