Q1FY21: 10,000oz x average US$1700-1800/oz = US$17-18M revenue, profit is around US$7M per quarter. Yearly production in 40,000 plus with total revenue $68M and NPAT around $28M. Marketcap now A$113M???
I've not calculated the lithium asset. People nowadays don't bother assess company marketcap at all. Many retails just keep buying due to the trend. Buy the stocks whilst they are still undervalue. I am looking to accumulate a bit more at 15c. 14.5c queue keep increasing so people are likely to step up the offer.
FFX Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held