Pantanillo Gold is actually a pretty good project. The pivot...

Pantanillo Gold is actually a pretty good project. The pivot from Lithium to Copper / Gold makes a lot of sense given the decline in Lithium prices.

With 1.05Moz of gold at a current price of US$3250 per ounce suggests an approximate in ground value of US$3412.5M.
Being surrounded by gold majors, if FLG can increase resource size through drilling and optimisation a JV and/or takeover is possible.

The historical intercepts whilst not very high grade are deep and continuous, and range between 100-215m.

For a company at 15m MC the growth prospects look positive. They need money (coming from CR) to grow project. This could surprise to the upside.