this could be different, page-60

Hi Pinto, maybe you had better talk to me too.

Recyug is a great guy and only rang the alarm and I thank him for that. You pointed this out well done. ED might have been a victim a long time back however this is NOT where he sits now in the scheme of things IMO.

I take full responsibility for the actions that followed Recyug's observation today - I contacted HC and fronted straight up to IH (IE) and would do so again in a flash as a matter of responsibility.

Remember HC gave him a second chance after he was suspended for a serious legal breach (had been ongoing). He got a 45 day suspension and wormed his way back just two days later working on the good nature of the HC management and what did he do to their trust? He made all sorts of promises and how trustworthy was he??? He repeated the crime immediately, first time 'baaaaack' and relished in the action.

It is like letting an armed robber out on good behavior and he robs the taxi driver on the way from prison to the nearest service station to do the same thing at gun point. Who can feel sorry for this type of person? I don't get it.

HC threw away the key after he broke the legal boundaries and disrespected their good will - the very next day. Would I take a baseball bat or other blunt object - and take to and armed robber sticking his knife in some SS attendants face - you bet. Gun - not so sure but if the risk was manageable... Sorry off topic so had better say something about FML...

This thread is rich with great characters - far too many to name and lots of fine people in to see what they can learn. I will keep up my free work in here to share my mistakes and wins, new ideas and hard earned knowledge too.

I saw a post earlier - ABU went to $200M M/Cap a few weeks back - with no mill and resources in inferred only at a cut off of only 0.2g/t for 1.67M oz. No production etc. How can you value that equal to FML?

RMS produced under 6k oz last quarter and have one mine closing, one project in development and a couple of small projects to develop - very small and some encouraging stuff in the USA and $100M in the bank (handy). This is very brief and not intended to be all inclusive - MCap of $350M.

FML attributable production in the order of 40k oz in December qtr (guesstimate), own one mill, 80+% of another with 1.5Mt PA capacity, 4M oz in various categories of the JORC code, massive upside from a couple of encouraging projects and a MCap of $250M - OMG how is the market right about that? Higher costs for sure but all explainable and a discount on SP is appropriate for this however on a forward P:E basis $250M is absurd and mostly caused by uncertainty and DB offloading in a fire sale as FF correctly puts it.

The market is easy to outperform as, just like a broken clock it is only right on the way past the correct value for a small fraction of the time.

Good night and best regards,
CW
DYOR&DD