would you invest in fml?, page-23

Fish,

Eod its all about return on your investment and FML has been underaverage in terms of thier SP performance, I don't think its a matter of rejoice in any sense.

But can a company in its nascent stage be purely valued in terms of its SP performance?

look at FML's MCAP (I think market frustration is priced in it) and its potential to offer leveraged returns, if you see pog at 1500+ aud in FY12, believe in FML's ability to maintain its cash cost(850) and reach its production target(130KOZ CY12).

I am not trying to convince any one for or against. I am just sharing why I am interested in FML at this price,
I think it offers a better risk rewards than its peer in 100k+ production group.

I am in accumulation phase in most of the goldies held and don't look at dollar value of my portfolio, I just concentrate on increasing their quantities in portfolio, as I believe best is yet to come for gold junior producers.
I regularly revaluate and introspect my conviction for stocks I hold on news releases and major global macro event.


PS: Please DYOR.