FML 6.25% 17.0¢ focus minerals ltd

Ann: Coolgardie PFS Summary and Ore Reserve Upgrade, page-18

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  1. 2,949 Posts.
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    Clock is ticking with 38m in the bank and the PFS showing a maximum drawdown of 35m. Hard to reconcile with Brilliant not being included as that could change the drawdown. 10m to refurbing the mill - things like the cat walks wouldn't cost much to replace, but if the guts are stuffed...well...Hard to know. On the flipside - you'd think that PGO would've just signed up to treat through Grrenfields if 3MH is a complete dead duck.

    I'm cautiously optimistic. The lack of drilling in the quarterly can be interpreted two ways, but I see it as them having what they need. Brilliant is the key.
 
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