FFX 0.00% 20.0¢ firefinch limited

one share @ 0.012c what a joke, page-48

  1. 2,674 Posts.
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    Firstly,

    120% agree with you Aptyl, 2.5m is actually a strong cash position, my take is that we are averaging about 500-750k per drilling campaign (spreading costs over 2 qtr's to allow for evaluation also which happens post drill), so plenty more to come before worrying and therefore that gives us plenty of scope to allow for news inbetween. Expected outflow next month is only 500k and that allows for some drilling too!

    Secondly, I take a strong liking to this from the Qtrly and it kind of goes in tandem with a suggestion I have made.

    "Multiple drilling campaigns and recent technical studies at the Ntiola Prospect have defined what the Company believes to be a robust gold mineralised zone amenable to open pit mining and treatment at the existing Morila Processing Plant. The Company is currently finalizing metallurgical and sustainability studies at Ntiola to support this development concept.
    The highly significant new intersections returned from the Kondji Prospect during the quarter suggest there is excellent scope to aggregate multiple gold sources within trucking distance of existing milling infrastructure. Birimian will commence a new phase of drilling at Kondji toward at the end of the wet season expected in December to identify and confirm additional gold resources amenable to open pit mining."

    The most influential part I believe. Ntoila central prospect believed to be already amenable to open pit mining. Then they go onto say, we can support this argument based on initial studies which are almost complete.

    Then we go onto say, yep, we are considering bringing on multiple pits too. So my take is, we prove to Randgold that Ntoila Central alone is a project, get the project ramped up asap, as the SP appreciates to reflect this, start injecting capital into the other satellite bodies, to bring them online asap too, in conjunction with Ntoila Central.

    Just my opinion.
 
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