Ann: Drilling commences at Morila, page-76

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sachz

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14/11/20

06:51

Post #: 48869336
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Originally posted by JabbaDaHutt: ↑

Current MC doesn't tell us a lot. Next step for some very basic peer analysis is to do some basic ratios. EV/Total Oz generally used for explorers and/or EV/production. Bigger the number potentially less upside. Smaller the number possibly under valued.

Then we can really compare where FFX currently sit and adjust as production ramps up and/or do predictions of future output.

FFX EV has a low EV depending what you value the plant at... let's use 35mm cash and plant worth what we paid for the whole deal 38mm. gives EV of 51 based on MC of
125mm. using 1.3moz total metal and you get a ratio of 27.9.

Compare that to AUT, an explorer in canada, MC now halved to, but still 170mm after lower results, 1mmoz inferred, no plant, 32mm cash, EV 138mm - gives you a ratio of 98. Valued at more than Triple FFX based on resource!!! no world class lithium resource. Sure TIA factor... but geeezus

Later on do some CF and NPV once they do up the mine plans and we know costs. A few people have already done sensitivities around this on HC.

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@JabbaDaHutt yes, that is exactly my plan... i wanted to whet the appetite first, and will progressively add value to the graphs to paint the picture of WHICH is the best value GOLD PRODUCER on the ASX.... thnx for ur inputs, will be incorporated at some stage.

FFX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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