FSE
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0.00% 0.5¢ fuse minerals limited

Ann: Resource Upgrade and Sekoko Agreement , page-38

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. scrag18
    644 Posts.
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    07/07/09
    01:16
    Post #: 5362870
    equalising the percentage share gives the firestone deposit an effective value of 18c/tonne in situ against a res valuation of 9c/tonne in situ. It appears likely that the two deposits are fairly similar, with thick shale content, so I would suggest FSE is overvalued at least 2:1, relative to RES currently.

    I hold RES but not FSE.
    FSE Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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