A timely update on production to settle some shareholders concerns/nerves.
21k oz not to be sneezed at.
What have they told you
-- above 100k oz for the full yr coming
-- means a 20%+ increase in grade(costs down too i imagine)
-- that means over 79koz over the next 9 months(last 12mo production)
-- over 25koz per quarter average on a ramp-up(Longterm target over 33k -130koz/yr)
--don't you just love sitting on a steamroller
--even if they don't go so fast
---every boys dream
All the concern about costs is easily settled..
First have a good look at other miners-it seems like some seperate out mining costs and normal production development as a capital extra,artificially reducing mining cost figures.
FML-gives you the total as one cash cost by the look of it.
If the gold price were to fall-fml would stop poking thru site scrap and scale back production,no doubt killing per oz costs.
In the meantime its money for jam.(development and plant)I"ve yet to see a scrap dealer go bust.They can take or leave any market and let their stock sit in the corner until the price goes up just as fml has done right from the beginning.(it costs them nothing)
Time to put my shares in the bottom draw
DYOR-wish someone would pay me for my thoughts-then again i'd have to be right.The big boss is always telling me i have it wrong,she may be right.
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