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20.0¢ firefinch limited

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intelseb

3,503 Posts.

186

16/12/21

16:20

Post #: 58344088
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Originally posted by JungleJim1: ↑

Well 20cents basically represents the cash on hand of FFX and nothing for being a producing gold miner, and nothing for its 20% share in LEO ($100m, =20%x $500 which you say) - very unlikely.

The BOD will soon release the updated LOM plan which they previously reported an annualised gold production of over 100,000 oz hopefully commencing March / April 2022. EBITDA of $60m ( assuming a gold price of $1800 and AISC $1200).

With Gold production rapidly growing to 150-200,000 ozs in 2023 -this will have a value as well

I anticipate the SP to be a lot more just prior to the record date (broker reports suggest between $1.20 and $1.65 but it could be less for any number of reasons) and then reduce to the Sprott valuation of 54cents less a discount

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Hard to know what to do and when

FFX Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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