Why I didn't buy LLL but did buy more FFX, page-15

I think there should be 2 miner adjustments to your thoughts,

1. being less than $100m cash in FFX account with both costs of the quarter and LLL IPO deducted.

2. AT BEST, punters would be adding 20% LLL@ 70c though u think it highly likely u til list date, this amount would be a significantly reduced rate.

A FFX announcement would be of little value today as metrics and valuations will take some weeks for dust to settle and a fair share price awarded to FFX.

2 dates to look for FFX movement include:

obiously 23rd of june as LLL starts trading,

approx July the 6th, I’m imagining, they will release a Q2 production report hopefully displaying a generous uptick in oz output and within guidance. Sp should appreciate due to a successful ramp up.