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8.11% 80.0¢ red hawk mining limited

re: fms is the only green on my screen today Hi rowanparkerThey...

  1. westcott
    8,602 Posts.
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    25/02/09
    10:15
    Post #: 4835917
    re: fms is the only green on my screen today Hi rowanparker

    They go through stages of drilling like 400mt x 200mt spacing,then maybe 200mt x 200mt and so on usually 50mt x 50mt gives a good true indication of the resource.
    A feasibility study could take 6 months or more.
    Starts with Scoping study - Pre-Feasibility -Feasibility and then Project Finance.
    FMG did not start to move very much until the Feasibility study was finished and really moved on Project Finance being approved.

    Regards
    Westcott.
    FMS Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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