FML 15.2% 14.0¢ focus minerals ltd

Edutain,You want something on management performance?Ignoring...

  1. 435 Posts.
    Edutain,

    You want something on management performance?

    Ignoring what you will no doubt be served up from other posters, I will go for something obscure to make a performance point.

    Let us take the matter of how FML meets its statutory obligations in terms of the tenements granted to it, compared to other mining companies.

    Most mining companies in WA fork out a considerable amount of money each year in undertaking the minimal amount of exploration to meet the lease conditions of non active tenements (those not being mined or actively explored).

    FML, in comparison, spends far less money on meeting these same obligations for a lot of non active tenements, thanks to management thinking outside the square.

    Without stating how they do this (keep a good thing in house), the methodology is known to a number of posters on this Board (especially those that did the AGM mine tour in 2009), if verification is needed.

    Unique way of saving money to me is an indicator of good management performance.

 
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