Assume FFM produce about half of SFR's annual Cu eq production ( SFR grade 1.3% vs FFM grade at 2.0%) and without giving FFM any benefit for far better grade. A share price equivalent for FFM would be around $4.02
This is my rough back of the envelope number. My estimate only and not financial advice.
My hope is that the resource is expanded exponentially and the copper price hits US$15,000 per tonne which is US$6.80/Ib. That is approximately the Incentive Price most experts talk about to get world wide copper production going again in a meaningful way.
Imagine the FFM SP with production at 100,000 tonnes p.a. with grades at 2% and a copper price of US$6.80/Ib. I reckon $10 per share would be close to the mark.
FFM Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)