Nepean should be sold, as it is non core. How much they would get with nickel at todays price, I'd guess not much. To develope it would be 100 million plus for no return.
TI is probably a mirage, think about it, would you sell TI to FML if it was real. Not me, I'd go to the highest bidder, could this be a con job and the samples were laced, question it.
As for CRE, its to far away for sharing anthing, cost savings. Management are also distracted from the real mines at Coolgardie which thy should have got in order 1st. Or are these mines so fragmented they are not worth bothering with as well.
FML are reminding me of CTO, more and more. Are they the next BMO ?
If this quarter has more excuses, they most likely are.
FML Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
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