FFX 0.00% 20.0¢ firefinch limited

Conservative $2-$3 SP EV Val, page-109

  1. 4,727 Posts.
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    Its intriguing - that we haven't had any announcements on the gold side of the business as well as the Li. Our Mr woodyspoon posted the other day that one possibility is that there maybe a deal that entails more than the Li project (or words to that effect).

    Or maybe there is a development on the gold side alone. The announcement on Monday 8 February stated:

    Indicated and Inferred Mineral Resource at Morila pit jumps from 1.3 million ounces of contained gold to 2.2 million ounces of contained gold

    Grade of the Mineral Resource increases from 1.2 g/t gold to 1.6g/t gold

    Studies to commence to target production of 150,000 -200,000 ounces of gold per annum from a Morila Superpit using existing infrastructure

    •Global resource for the entire Morila project is now 2.35million ounces of gold



    I totally would not sell any of my shares at present.
 
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