FML 3.33% 14.5¢ focus minerals ltd

CW/Recg/pinth/mac/fitfm:from last cashflow stmt(a) exploration &...

  1. 474 Posts.
    CW/Recg/pinth/mac/fitfm:

    from last cashflow stmt
    (a) exploration & evaluation: 23.643mn
    (b) development: 16.505mn
    (c) production: 67.87mn

    focus has spent 23mn in fy11 on exploration,
    as per mar11 resource/reserve update
    Resource increased from 2m to 2.25m oz
    Reserves increased from 207k to 248k oz.

    I am assuming the outcome of exploration investment can be measured by resource/reserve upgrade,
    Just curious, Is there any other outcome to measure the performance for exploration investment?
 
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