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20/02/21

14:53

Post #: 51181179
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Originally posted by Red Baron: ↑

Another share I own, FYI like Goolamina also in the battery materials sector, only HPA not Lithium. It is also at a similar stage to Goolamina having completed the DFS awaiting offtakes, finance etc.

Interestingly Foster Stockbroking valued it like this:
"We have an unchanged risked valuation of $0.68 per FYI share (0.65x NPV)"

If we valued Goolamina by the same metric, we'd have 0.65 x US$1.2b = US$780m or $A990m
That works out to $1.26 a share just for Goolamina

Now FYI doesn't trade at the Foster valuation of 68c, was up to 50c last week, but like us has been under a bit of selling pressure and is 42c. So recently it's been 70-80% of it's valuation. That would put Goolamina at 88c to $1.00.

Admittedly it's in Australia not Africa, however we're no where near that valuation especially considering most of our valuation is for the gold. I should also point out FYI is very cheap compared to it's peers - A4N with 3 times the market cap at a similar stage.

Remember it is your right to report posts you think may be baiting or breaking other posting rules, I report all of them

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Hey Baron . . . . given your level of research, depth of knowledge & dedication to posting, you've definitely earned my respect: but you're reminding me of an MP giving a speech with a little green thing stuck in his teeth. (obviously that's nowhere near as bad as Thorpie's retirement speech boogie.)

It's not Goolamina . . . it's Goulamina.

FFX Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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