Sounds like PXG all over again when they were buying the ST Ives Heap Leach.
FML have been a basket case long before the Chinese blew their $250 million buying half of FML.
In their desperate attempts to salvage value they would not be selling Coolgardie if it was going to assist.
In all reality it is a small mill, they surrounding grounds grade is soft and there is not enough HG gold around to make it viable.
Ann: Intermin Signs Exclusivity Deed for potential acquisition, page-19
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