Choo,
I agree an announcement is due shortly and hopefully it will be positive, which by all accounts it should be.
I think as we go forward for the rest of this year and beyond we all agree there should be some substantial increase to the FML reserves.
I really think the Gods are with FML, because the timing is shaping up to be nothing short of fantastic in my book.
It is may belief that any time in the next two years gold will be at least AUD$2,000/oz and the AUD will be 65 cents to the USD.
This equates to FML (Take out AUD$700/oz operational costs)AUD$1,300/oz x 100,000 oz (output) = AUD$130 million before tax.
Couple this with a resource upgrade must mean rerating of FML.
Back up the truck soon or you may miss out.
Good luck to all.
Choo,I agree an announcement is due shortly and hopefully it...
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