Interesting times. Focus did a PFS a while ago with a + NPV at $1580 gold price. Main issue was tonnage - which could be solved with an IRC tie-up. The mill needs $10m of refurbishment, but FML has a strong cash balance. Screaming of a toll treatment deal - as I can't see IRC acquiring FML's Coolgardie assets given their MC and cash balance. Could be a massive win all-round if that is the case.
Ann: Pause in Trading, page-12
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