FFX 0.00% 20.0¢ firefinch limited

Ann: Firefinch Celebrates First Gold Pour, page-135

  1. 5,286 Posts.
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    Thanks karl89, sale by RSG for $US105 MILL, 2.5 million oz, project capital required $US115 mill with estimated start up capital of $US75 mill. Low cost operation. Sale completed by March 2021. Sold to deep pockets.
    We did exceptionally well picking up our GOLD mine and Plant for peanuts to go with our already owned 685 sq kms of territory to explore..
    RSG know Mali very, very well. Wonder whether they want a big piece or all of FFX to get a crack at our GOLD and Lithium? . They will have plenty of cash. IGO have just bought a % of Greenbushes Lithium for well over a billion $.
    If its just our Lithium they want maybe a JV or Cornerstone 'large' holder in a spin off and assisting with finance?
    We would have to be 'nuts' to sell out of our Lithium this early in the transition to Lithium battery powered energy.
    We will start to see many more of the big miners pick up Lithium resources/mines to take advantage of the move to clean energy.
    Investment in Mali is no issue for RSG at all.
    Last edited by manny100: 15/12/20
 
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