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1.25% 81.0¢ red hawk mining limited

the bad news is ..., page-31

  1. tradedemon
    4,272 Posts.
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    01/04/09
    15:28
    Post #: 4968644
    My best guess is about 12.5 million in the bank. Enough to drill for a while and one positive is that drill rigs are cheaper.

    They had 14.88 million at 31 Dec 08.

    FMS is extremely close to exploration targets with this JORC. SO they should have close to 700mt by the end of this year.

    Dont forget china has very little high grade ore and their last find was a deposit two kms below the earth.
    FMS Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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