FML 8.11% 20.0¢ focus minerals ltd

no questions answered, page-9

  1. 4,242 Posts.
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    I suppose that mill at Granny smith may be a good purchase from Barrick if that is what you are referring to and if Barrick are prepared to sell, of which is just speculation at this stage.

    However Another aquisition well thats what has got FML in trouble in the first place, with continuing issues, in trying to digest CRE, Boa Constrictor style. With one of the major issues being they are toll treating laverton, mill available to FML for approx 44 - 50 days out of 90.

    On stating the above, preferably refurbish that mill at Bairncoat, (according to CW report up to $50 mill ??), in order to maximise Lavertons Gold producing potential, in which will eliminate the toll treating angst FML is currently going through.

    Hope that they make some good decisions with the money if the deal is approved and exploit their wish list target areas wisely.
 
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