I note the AGM comments that our aspiration is to be a mid tier GOLD producer. This matches up with the Sprott report belief: " Our view: West Africa’s next mid-tier Given Morila’s prolific history, our main objective was to see the condition of the plant, the pits and the team on site and in each case our expectations were exceeded. Stepping back, many of the highest return M&A opportunities have been taking under explored mature assets off majors (Northern Star, Saracen, Evolution, Leagold, Calibre, Ero Copper) and reinvesting in exploration and we think this is especially applicable in Morila’s case as the JV structure inhibited reinvestment in our view. The opportunity with Firefinch is to benefit from the operating experience and systems of the majors with the per share upside and nimbleness of a single asset company, and we leave site with high conviction in Firefinch’s potential. Based on the positive outcomes of our site visit, and our confidence in Firefinch’s ability to deliver, we raise our target NAV multiple to 0.9x (prev 0.75x) and maintain our BUY rating with an increased price target of A$0.70/sh (prev A$0.55/sh)" Some pretty good company mentioned above. Talk of $4.5 bill capitalisation may just for starters. Holding onto a meaningful holding in the Lithium may just go a fair way towards acquiring another gold asset in a few years.
