risk reward at fml, page-20

71c4 Yes you are right there were other companies before at the Mount including WMC in the mid 80's who had an option and drilled 12 holes, the deepest being 35m and they all hit high grade or stopes. What were they thinking as all the lodes are exposed over at least 600m at surface and rock chip sampling averaged 9g/tAu, not they bothered to do geology 101 and map and sample the obvious. Aur next picked it up and sank a shaft to the 3 level before going into receivership with their New Zealand alluvial operations pulling them down.Perhaps you were working for Aur when you got the call from the desparing share holder. A private miner bought it from the receiver, and worked it for 10 years, shrink stoping the main lode, the one east and the one west quartz veins. He conducted no drilling just drove on the reefs. Focus bought it in 2003 and the surrounding ground in 2004; several million dollars later it now has 250koz resource to an average depth of 100m totally open to the north, south and at depth with the deepest hole yet drilled intersecting 2m@25g/t on the main lode in the center of the system at 250m depth. To me having found several company makers "The Mount" is a company maker. Focus has 4 company makers, the Tindals/Dreadnought system,the Lindsays/Baileys system,The Mount system, all of which have demonstrated the potential to be multi million oz deposits and finally the Nepean Nickel System which is a dead ringer for Western areas Flying Fox. I understand your cynicism regarding Goldies but you surely must understand if you have been in the game for as long as you claim that this game is played like any other business and the players are either winners based on talent or losers or just plain cheats. Focus is if anything professional it never overstates and the Mount has been understated.