The SP may have been higher cf this to last year if the board followed a different financial strategy.
I think I read on HC post that FML is mining the lower grades now whilst POG is high, thereby extending the mine life if pricee falls.
It normally a better financial strategy re DCF to mine your higher grades first as money in the bank now is better than sometime in the future. This strategy may have pushed up the current SP.
A financial reason for low grade mining (keeping higher grades in the ground) is to prepare a company for sale.
where is the logic?, page-8
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