profit - a simple question, page-2

bizzboy,

AH,the real question is with producing 175koz where to next with the cashflow.
It's the story of a "tale of two cities"Half will sit in CRE and disppear there ongoing,for the forseeeable future,while there are minority interests,i'm sure.Although at some stage maybe FML's interest will rise to just under 90% with a convesion of loans to equity.Great idea,let it get bigger and better and then take your interest up,when costs are right down.(collect some of the value of ounces already produced and credited to minority interests FML have reinvested into the business)

FML as in Coolgardie has its own growth needs.If we get too much ore(200kt at .9 from big blow stockpiled so far,CNX pit meeting production ounces lost from the underground,from the end of the year,where does the underground ore go?)we see a cheap mill expansion next no doubt.That also tells you the milled grade will not fall below .9g/ton from now on,until either that happens or a mining catastrophe happens.

Any cash from there will head to TI,or whatever else FML have lined up to get to your elusive 400koz a year.Once TI or that is bedded down producing the way they want,then you'll see some """"PROFITS COMING YOUR WAY""""

VERY Dangerous to count the cash before its in the bank.At the moment that cash is heading into the ground at breakneck speed.

DYOR+DYODD