Short Term Trading Week Starting: 11 Jan, page-62

My FFX tip for both FA/TA seems to have worked and I feel that breakout is absolutely imminent!

Current top post on Hotcopper by a user linked below has a solid peer chart on FFX and you can see that FFX is trading at an NPV of 12% vs multiple higher ratios vs peers and they have a dig ready permitted uncommitted project (they are in talks with multiple partners). Once they announce plans on what sort of off-take or spin off strategy is in place I feel a re-rate is on the cards but getting in early is the risk-reward but a right one.

What de-risks FFX for me is this has an active producing gold mine due for a resource upgrade, multiple tenements and producing ~ 10,500 ounce of gold a quarter which is the absolute base as it turns into a monster mining project having just acquired Morilla mine. The lithium is essentially free and the sunk capital at Morilla is over $370M+.

FFX has a market cap of $170M , no debt, $33M cash on hand and wait for it... Directors have bought up $1M in shares since September.
Absolutely nuts this has not had wider market support but feel it is a matter of time before smart money comes in.


https://hotcopper.com.au/threads/ubique13s-table-a-guide-to-our-lithium-value.5849571/page-44?post_id=50112176