FML 6.25% 17.0¢ focus minerals ltd

I'm not sure that IRC could afford to refurb 3MH upfront. The...

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  1. 2,949 Posts.
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    I'm not sure that IRC could afford to refurb 3MH upfront. The FML PFS stated that this would be approximately $10m, whilst IRC have less than that in cash - would require a cap raise by them. So many different variables - just hope that we get something nice and positive on Monday/Tuesday. If management flog off Coolgardie on the cheap I'll be pretty miffed, given the PFS had a NPV of $37m at a $1580 gold price, without factoring in Brilliant. If the announcement is a restart, I hope the Brilliant access issue has been resolved. 
 
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17.0¢
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Mkt cap ! $40.11M
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