runaway bull, page-21

Volumes tell me more about the number of shares on the register than anything else.
FML are spending a LOT on underground waste access to Perseverance. They aren't going to pay that back until they start stoping & that will be some time away. You can forget about them toll treating any of their open pit thru Greenfields because it's too low grade.
So they are probably going to need a capital raise to a)fix 3-mile & b)get the nickel play off the ground.
I have actually given my decision to divest at 10c some thought based upon what I KNOW about mining.
There is a awful lot of speculation in the FML share price at anything over 10c.
Whether you agree or not is of no consequence.
Hardrock.