Just a reminder that the conservative EUROZ forecasts for FFX are:
EPS For 2021 = 2 cents/share, 2022 = 6 cents/share, 2023 = 7 cents/share
Sector average PE rsatio is 15.74, applying a 15 PE to the EUROZ forecasts we get an expected SP of:
2021 15 cents x 2 = 30 cents
2022 15 cents x 6 = 90 cents
2023 15 x 7 cents = $1.05
EUROZ forecasts are conservative and do include anything from Koting or the cash to be received from Option conversion later this year.
If the market gets excited by any new discoveries we make or an increase in the value of our Lithium with maybe a Lithium sentiment increase, offtakes and or finance the PE applied will get a boost as will the SP.
We can also improve on the forecasted costs which will go straight to the bottom line.
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