Not at the moment, their deposit is alittle tricky with the smaller starter pit operations combined with the underground resource. It really all comes down to the upcoming PFS to see the financials for their production output strategy. Given the sector is fairly unloved at the moment, i think we all can afford the luxury of waiting to see the PFS instead of buying in anticipation.
I think the analyst report via the below link isn't too far off my own evaluation at this stage.
https://s1.q4cdn.com/460208960/files/News/2021/Zacks_SCR_Research_02152021_TGMGF_Ralston.pdf
They are not a bad option for a near term producer, i like their plan for 2021, The initial starter pits are a low risk operation which is always a luxury to have. So, if you were to invest, you'd need to go long, so part what you can afford to not touch for say 24 months and if somewhere along the time-frame there is a re-rate and you are happy, you can always consider selling.
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FM3
firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-347
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