FFX 0.00% 20.0¢ firefinch limited

Ann: Macquarie appointed to advise on Lithium value Realisation, page-68

  1. 1,692 Posts.
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    agreed it allows time to be used efficiently i.e. both gold and lithium side are progressing in parallel rather than one hindering the other as they each now should have enough people managing both.

    koting + the other satellites will hopefully give us a bit of a leg up and a plan to transition mining to them solidified by May.

    just also everyone to keep in mind RSG and WAF have both been hit recently, so FFX where it is at now shouldnt be a surprised from a gold movement perspective, but we are still undervalued overall relatively in both gold and lithium (MLL reached a mktcap of roughly $190m in Jan 2018 on the lithium alone, pre DFS, so i put our lithium just slightly higher than that consider all other lithium plays have past their previous mkt cap highs slightly) and our gold i believe is just a DCF model/relative value to other gold places i attribute another $300m to $400m all in all i still believe we should be currently $500m ~ $600m mkt cap overall with the relative risk we have currently, obviously once once things start ticking off i.e. lithium becomes more certain, gold activities ticked off then it should go even higher.
 
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