Cas,
Great post but I think we are getting a bit carried away with building Mill 2 when FML hasn't got enough ore to go through Mill 1 for more than a year or two - yet.
The name of the game is resources and reserves. FML have quite commendably produced 70K ozs in the last 12 mths and closed debt/hedge and refurbed 3MH etc etc but...
Resources:
Apr 2009 1.8M
May 2010 1.9M
Reserves:
Apr 2009 111K ozs
May 2010 170K ozs
We need these numbers to go much higher - and soon - if the market is to look at FML as a serious LT prospect. IMO.
Cheers,
C12
Cas,Great post but I think we are getting a bit carried away...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $655 | 4.768K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2332 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 63338 | 5 |
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