FFX 0.00% 20.0¢ firefinch limited

Ann: Additional High Grade Drill Results at Goulamina Deposit, page-48

  1. 1,529 Posts.
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    Any estimations about the result of coming "interim“ ressource update ?

    My estimation (from the belly approach, not very analytical): 22 mt, grades similar to current JORC.

    Additional 3+4 mt from the West Zone and additional 3 mt from Sangar and the increasing breadth of Main Zone.

    With this higher figure a more ambitious board would say o.k., let’s increase asap our mine studies from 1 mtpa to a 1,5 mtpa (15 year lifetime) or even a 2 mtpa plant (11 years lifetime).

    In times of a rapid technical development, nobody knows if the world still needs lithium in 20 years.

    Therefore I hope our future board will switch contemporary to the strategy “mine as much as possible as fast as possible”. And with a probable ultra-fast funding payback the risk of such a higher capex strategy is manageable.
    Last edited by Maigret1: 09/03/17
 
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