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76.0¢ firefly metals ltd

With major mining shares (and especially what’s ever left of the...

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kagara

344 Posts.

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17/06/22

10:55

Post #: 62052351
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Originally posted by nammuldi: ↑

apologies for crossposting but i like u have gotten three could/should a beens - TUL BGL and AUT - all fallen back but AUT by far the worst and it is of the three furtherest from prod and need for capital to build a mine - TUL are nearest to prod Aug this year, and all cash in the pay for construction and also BGL in 12 months time start prod and have all cash to get there - in both TUL and BGL cases they are set before the inflation really gets hold of capital costs but exposed to op costs rising - AUT are so far away that i possibly regret getting in - but the high grades grabbed me - this will take some time to turn around i guess and one hope which hardly ever happens at this stage is a big partner JV with capital to build plant and start prod. THe watch this space comment also rings in my ears - hate FIGJAM's - u dont hear that at TUL and BGL

really not sure doubling up to average down is prudent here - but if they go sg below 4c then i probably will

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With major mining shares (and especially what’s ever left of the junior resource market) stuck between despondency and depression, yours truly believes that’s when one needs

AUT Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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