FML 0.00% 15.0¢ focus minerals ltd

Morning Pinto,Just need to add a bit of caution on any...

  1. 435 Posts.
    Morning Pinto,

    Just need to add a bit of caution on any anticipation that this bullion price bonus resulted in a better December quarter.

    Taking into account the amount of bullion involved, I would say a fair percentage of it came as a result of a clean out of the recovery system and holding tanks when the mill was shut down for the reline, so some of the ounces produced had been accumulating for some time.

    Think I would prefer to leave the attributed $7.2m as part of the December quarter, with the residual $4.817m picked up viewed as an accumulated one off item.

    Not decrying the fact that a very good price was achieved for the bullion, so credit to the team for that.

    cheers, kentwang
 
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