FML 7.14% 15.0¢ focus minerals ltd

"As it stands today if FML went into production the share price...

  1. 47 Posts.
    lightbulb Created with Sketch. 32
    "As it stands today if FML went into production the share price would go thu the roof".JC... these kind of fantasy statements are exactly why retail investors end up losing their shirts on these kinds of busted a$$ companies.
    Enjoyed your comments, but maybe you could consider these facts, which are not fantasy.
    In Sept 2012 before the SD purchase of 49% @ $2.50, FML was mining and Aussie owned.
    The share price was between 0.042 cents to 0.044 cents, which equates to $2.10 to $2.20 per shareafter the share reduction.
    At that time FML resource was 4.3 million oz. today through exploration the resource is at 6.1 million oz.
    The cost of production has obviously increased but so has the gold price from $1,600 per oz in 2012 to $2,620 today.
    I am sorry you may have lost your shirt. We have all been forced into a long term scenario because the Chinese love owning Gold either in or out of the ground.
    What I am sure of is if we still around when production does start 0.25 cents per share will disappear like a firecracker at a Chinese new year.


 
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Last
15.0¢
Change
0.010(7.14%)
Mkt cap ! $42.98M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $11.12K 74.16K

Buyers (Bids)

No. Vol. Price($)
1 9711 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 4618 1
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Last trade - 12.59pm 21/06/2024 (20 minute delay) ?
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