not bad for a red day, page-27

CW, I very much appreciate your posts and the posts of many others.

You have raised a very important question regarding funding TI.

Assuming FML ramps up to 200,000 ounces pa at Laverton and Coolgardie combined and continues to cut costs and raise grades, annual earnings after operating costs could be circa $120,000,000 pa or approximately .03c per share at current au price.

If TI is an Elephant, what are the potential start up costs, in your opinion, that FML would need to fund a mill, camp, and so on to get TI to full scale production.

If FML can maintain its debt free position and not issue additional shares, and if TI is what everyone thinks, it is possible that FML could be earning after costs $200,000,000 or more pa in a matter of a few years.

That leads me to another question. I know there has been discussion regarding a share consolidation on this forum. If FML is not going to issue additional shares, would now be a good time at such a low SP to do a 1 for 10 consolidation?

What do others think about this?

regards

Mulac1