FFX 0.00% 20.0¢ firefinch limited

Ann: GOULAMINA LITHIUM PROJECT DEFINITIVE FEASIBILITY STUDY, page-118

  1. 5,286 Posts.
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    From the MLL (now FFL) Website.
    " The Inferred Mineral Resource Estimate is beneath and around the Morila main pit alone. It is 32 million tonnes at 1.26 g/t gold for 1.30 million ounces of contained gold a lower cut-off grade of 0.5g/t gold, is constrained by a US$1250/ounce pit optimisation and above a lower cut-off grade of 0.5 g/t gold1. This would underpin a substantial, long term gold operation. "
    That is why the BOD have loaded up big time in the placement and SPP. With a regular good news information flow set to begin soon they would not be able to buy on market. Following the insiders is often smart investing. Maybe following the Drillers who actually know even better than the BOD what is under the surface is probably even smarter.
    From the figures the Doc gave us at the webinar and AGM with lower cut off grades we are looking at around 2 million ounces up from 1.3 million at Morila. Posters have generously provided the workings to show this amount earlier. All this without the need for further drilling.
    Further drilling at Morila will likely increase the inferred resource substantially.
    I agree with posters who believe their might be a positive surprise or 2 at Koting.
    The Satellites will provide a nice boost. As the Doc said (throw away line and not a Satellite estimate) at the AGM - 100k ounces on its own is worth nothing but if its next door to a plant its worth a lot of money.
    Lots of GOLD upside.
 
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