Ann: Trading Halt, page-10

And here's a 2nd one to mull over.



And looking at the MCap



So at present $70M of Mcap gets you ~1.156Moz Au ... or AUD$60/oz as the multiple ... or roughly US$40/oz

But as usual you would need to investigate further. A PEA has been done (2023) looking at production of ~120Koz Au per yr for 10 years. Pre-Production Capex ~AUD$300M, NPV7% pre tax at AUD$388 ... so ~20%NAV ... doesn't look too bad ... all done at Au - AUD$2,665 (~US$1,680) ... so clearly a lot of upside coming here also.

Don't own this one (I might) but we can see the value being described to Gold projects. All that remains to be see is what has PL secured for FLG in this highly productive area in Chile, and then how does the ASX market value this type of asset (Chile) vs say WA.