FML 7.14% 13.0¢ focus minerals ltd

Glenny,Is FML producing their own power or are they going off...

  1. 177 Posts.
    Glenny,

    Is FML producing their own power or are they going off the grid?

    It should be possible to supply power to the crusher from a portable diesel generator (sea-tainer size) assuming there is one available for hire. This would free up some juice to run the Mills 24 hours/day.

    The project is over budget and a bit late but well within reasonable expectations.

    Even after the first gold bar is poured, it's likely to take many months before the plant is complete. Costs for full completion of the plant may be hidden in the costs of production over the next couple of quarters.

    % recovery probably wont be optimal and throughput might be a bit low but FML is not likely to be a high cost producer and FML has cash on hand to get through a bumpy start.

    Personally I think FML and the price of gold is on a quick leg up right now then should settle out again in time. Any little drama's experienced through the ramp up of 3MH should be offset by some positive exploration results. Great stock to hold onto for a while.
 
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