pure speculation I know but - 'what would make fml get to $1.00- unconsolidated ?'
Many things - but I know one thing -
20m oz at $150 p/oz in ground resource is worth 70c to fml ----- and you don't have to even use a shovel.
Is a resource like that possible? Yep.
Is it possible for fml without that to be worth 30c? pretty soon? - yep and yep.
Our 30c operation without a decent elephant is not far fetched - 200 k oz producers at a reasonable profit - that would be very doable ----- 500k oz producer -------- smaller margain - 30c would be a doodle.
A 20m ounce resource - how likely is that? -------- we aren't parked on the blf for nothing. chance of an elephant? - hmmm, highish I suspect? 20m? Don't know - but certainly millions.
so $1.00 ---------- not outlandish.
No mention about the pog --------- ? is the world fixed? ----- nope.
Look at friday's news on Spanish banks?
pog, possibly rise? Yep.
Margin up for fml possible? Def. yep.
factor in pog ------ so $1.00 ------------- nowhere near outlandish.
If it happens - will I see the benefit? -- probably not, I suspect I would be gone by then - but? you never know.
have a good arvo all -- where is my announcement?
Pinto
FML Price at posting:
4.1¢ Sentiment: ST Buy Disclosure: Held
