Its first post on the furnaces was about 5 years ago
Any speculations as to when FML will refire the furnaces. Would be nice to see this come out of hibernation and breath to life again. Its been an awful long time. personally, I think they waited far too long and have completely missed the boat. Will have to wait for gold to rebound again now.
12/12/16
until 2019 the POG averaged 1360 (3 years).
Currently say 1800 and we mined at a modest 60koz per year 2021 (2)
Leaving in the ground compared with drilling instead made money
1. by doing nothing except allow POG to rise and
2. use cash to increase resource.
Firing up the furnaces always was a dead loser, mining gold with about $100 margin would have been pointless for all of the first three years and slowly increasing in 2020 and 2021. What would have been the point? Instead we start with more resource and higher POG on all that FML does process.
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