The way I see valuation of FFX
100mil cash
200mil mine infrastructure
20% of LLL @ 800mill mcap - 160mil
It’s already $460mil so far and now let’s add
- bullion inventory that we currently hold
- Plus gold that we have in the ground and will be - - producing 100koz this year 80mill profit at current gold price and 200kozpa 2024 onwards aisc - $1124 with gold @1900+ - approx $800 profit @200k - 160mil profit pa
This will be a billion $$ mcap company in 12-24 months time
At what PE is gold company evaluated these days?
LLL should double or more on listing .. NPV 4.1 bill at below $1000 conc .. go figure valuation at current prices
both will be winners ..
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