well, if we can have a thread on how low can the price go - we can sure have a thread on how high the price might go in 2013.
Personally I have no idea, but I know a few factors that might drive it north.
On the assumption that the SD deal is finalised - and I believe it is on track - this is what cal. 2013 probably will have and might have
Early Jan - drilling on Cowan starts - will this effect the sp? no idea. The drilling will be ongoing, stopping only for weather and maintainence - no programmed finish time.
Halfway decent intersection of gold in the first few diamonds - hmmm, a new gold camp finally with gold intersections - ? sp? well it dammed well should go north - how far? Logically I guess there is a difference between say 5m at 2 gms and 20m at 10gms open at depth - etc. etc. - but I don't see much logic anywhere in the market at present.
Coolgardie should have early results in 2013 and again a major push in drill programs - already planned and well targeted - make a diff. to the sp?? Hard to say - the market has brushed aside good numbers from here so far.
Laverton - will also start serious drilling early 13 - even with big numbers will it make a difference?
Once the reserves and resources begin to come together - and they will - it is only a matter of by how much - once that happens and we push the button on gearing up mill production - ie. releasing the plans - eg. will we go to 3mt at Barnicoat or will we go less - well you would think the sp would shift north - I guess it just depends on how much the punters like the news or are disappointed by it.
2013 - don't know when but Nepean should get a run - that will be interesting. Nepean could be 1B all by itself if the cards play right - probably similar to TI if god is smiling.
Interesting year - 225m in the bank at say 9b shares at 3c - hmmmm, that values fml at about $45m as it is ---------- well, with real estate and an active producer and assets - I think that might be a tad underdone.
If Nepean went to 1 B and TI comes in with say even 2-5M ounces and coolgardie boots reserves up and Laverton ditto.
can anyone see fml being valued at $45m?
Closest thing I have ever seen to this was fmg - and the only person I know who was crowing about that for years was Charlie Aitken - and they all said he was mad - 7c to $70 stopped them laughing though.
So, how many cents will a multimillion ounce deposit at TI give us. Ditto Nepean Add in Coolgardie Add in Laverton
Anyone think 20c is mad?
Interesting year coming.
Pinto
FML Price at posting:
3.0¢ Sentiment: ST Buy Disclosure: Held
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