Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

Agree we should easily be able to match RSG's 3.3% of gold...

First 36 Last

Share
Profile

Follow
manny100

5,289 Posts.

2297

13/11/20

10:48

Post #: 48848945
Share

Originally posted by Ubique13: ↑

And the wild card of hitting another Morila-esque lode!

With the beauty of being cashflow positive vs a junior explorer, so can keep drilling without having to worry about cap raise after cap raise.

RSG's last dividend was for 3.3% of it's gold revenues.

Back of envelope calcs here and still huge potential upside, but once at steady state production, we should be able to easily pay out a dividend equal to or greater than this, as this would equate to only ~10% of our NPAT:

Expand

Agree we should easily be able to match RSG's 3.3% of gold revenue dividend.
They hedge so fall short of the 'going rate'
They also have an AISC likely higher than ours plus a decent amoubt of $US debt.

FFX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 282 more messages in this thread...

First 36 Last

Add FFX (ASX) to my watchlist