FML 3.85% 13.5¢ focus minerals ltd

Pinto,"So for tailspin - what sort of thinking made you put 130k...

  1. 474 Posts.
    Pinto,

    "So for tailspin - what sort of thinking made you put 130k oz for 2012 and then 300k for 2014 (did you think by 2014 we would be renting mill time from someone or we would have another mill? etc.)"

    CB in one of its previous talks has mentioned his vision of making fml a 300k+ producer in near future, I think, I can't remember which one.

    But is it not possible by FY14?
    To scale up we need to extend our current mill to its max capacity of 1.8tpa, we have green fields toll arrangement for few years which could be use in parallel,
    I am just guessing here, which I think is not just possible but probable.
    Beyond that I think we will be taken over :(

    My biggest fear is what if a predator attack us before that?
    we are no way close to our potential in terms of mcap, we don't have strong hands to defend us, most of small holders are extremely frustrated with sp performance esply when everything else is flying,
    point is it wont take much to entice them to sell at say 100% premium?
 
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