FML 2.70% 18.0¢ focus minerals ltd

Its first post on the furnaces was about 5 years agoAny...

  1. 5,935 Posts.
    lightbulb Created with Sketch. 371
    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.
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
-0.005(2.70%)
Mkt cap ! $51.58M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $8.256K 45.41K

Buyers (Bids)

No. Vol. Price($)
1 5408 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 101500 2
View Market Depth
Last trade - 14.07pm 28/03/2024 (20 minute delay) ?
Last
18.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
18.5¢ 18.5¢ 18.5¢ 5135
Last updated 11.59am 28/03/2024 ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.