SPROTT Increases BUY Rating to $0.70 for Morila, page-7

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boy1

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18/05/21

09:40

Post #: 53240219
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Originally posted by dgdgdm ↑

Great post Ubi! Exciting times ahead and just the beginning too. This is our Jundee moment. The potential for upcoming growth and future acquisitions from free cash flow is huge.

Loved this part around exploration upside;
“Exploration: With >700km2 of licenses, Firefinch holds a belt sized land package surrounding Morila, which has proved to be a truly world class orebody.

We believe the lack of major discoveries surrounding Morila has more to do with the structure of the JV (Randgold was more incentivized to spend exploration dollars at its 100% owned project at Loulo-Gounkoto while Anglogold was a less prolific explorer and later became financially constrained) than a lack of geological potential, and we believe there is significant discovery potential from here, as evidenced by recent drilling at the K3 discovery where Firefinch intersected 21m @ 13.45g/t.”

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The best thing about this report, is that it’s still based off the base case gold price that was done many weeks ago.

many weeks ago, gold was $100+ less.

70c becomes conservative quickly in a rising gold price environment.

and then there’s the lithium launch.

Last edited by boy1: 18/05/21

FFX Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
69 Upvote

4 Great analysis

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SPROTT Increases BUY Rating to $0.70 for Morila, page-7

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