FFM 0.63% 80.5¢ firefly metals ltd

Ann: Discovery of more high-grade gold, page-104

  1. 9,346 Posts.
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    yes Srudent, it’s pretty impressive stuff.

    but i can’t see much interest returning to the stock as the company undertakes the laborious and time consuming resource definition drilling.

    the next formal resource upgrade, which i can’t recall the schedule for, will almost certainly start with a 2. Something around 2.5 million ounces should excite some interest.

    but beyond that or some dazzling new intercepts, corporate action, or a jump in spot gold to US$2000 or more, the SP likely will track broadly sideways.

    patience required.
 
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