I'm comfortable holding FML because they are a gold producer with lots of gold in the ground, potential for discovering lots more gold in the ground, and have a track record of producing gold while increasing reserves. IMHO gold's days in the sun are not very far away, because physical gold is true money that cannot be printed. IMHO Focus and other gold producers will be rerated by the market as "Real Money Factories" for their production, and "Bullion Banks" for their unmined reserves.
FAQ
Q "will we see a mania market in gold?" A " I don't know, however we had a beauty late 70s early 80s"
Q "Do you think gold and silver are going to be money again?" A " in some cultures they have been money for thousands of years, and are used in payment for land transactions in Vietnam to this day"
Q "Is it prudent to own shares in gold miners?" A "Yes"
Above is only personal opinion NOT advice!
DYOR K
FML Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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