FFX 0.00% 20.0¢ firefinch limited

Waiting waiting waiting, page-21

  1. 686 Posts.
    lightbulb Created with Sketch. 1019
    I would suggest you don't use TAW's pricing at all. The TAW valuation by Canaccord is very concerning to me. AJM and PLS both used solid conservative numbers for their life of mine, which is the timeframe you looking at for BGS. TAW's forecasted prices are for a mine life of 3 years i.e. in a period of very high LCE prices short term. I was eager to invest in TAW until I realised their operating costs (over $500?) and tiny initial starter pit.

    Using TAW numbers for a 2018-2020 operation do not make any sense at all for BGS, which will likely be a 2019+ operation. LCE prices will almost certainly be lower, and I think we should be holding our project to the same standards as other top tier mines like PLS when evaluating the commerciality of our mine.

    The train line does not run from BGS's mine to port, we have to transport the goods via sealed road to a town connected to the train line (likely Fwhateveritscalled). Perhaps you need to reread his post.

    I am always suspicious of posters who can only see the positives or only the negatives. The fact you are so dismissive of these very real issues means you are perhaps very ignorant or wish to ramp the hell out of this micro cap. Either way I felt the need to provide balance to your inflated insights.

    I apologise to the group for the walls of text, just want to have a robust discussion about a stock I am passionate about.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.