FML 6.25% 17.0¢ focus minerals ltd

The ugly duckling is becoming a swan, page-10

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    Two and a half years ago it was announced that LIT (was CXB) was sole funding exploration to the point of committing to a definitive feasibility study within five years of the commencement date. So essentially we have up to 2.5 years to wait, or we go it alone if we want to. Can't see much happening until LIT finalises their takeover for LPD - which doesn't look like it is going super well at the moment. In short - on the backburner and not our issue for a few years.
 
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