FFX 0.00% 20.0¢ firefinch limited

yep usually with DFS, not much happens, good result, shame we...

  1. 1,692 Posts.
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    yep usually with DFS, not much happens, good result, shame we couldnt get the downstreaming study finished, i guess it could be another announcement down the track. Most of it was predictable (several posters indicated $1.7b NPV on back of envelope calcs) but adds a layer of confidence that we can confidently start going to market if we wanted to. It shows that if push comes to shove we could fund it ourselves, $194m USD ($275m AUD), once we prove the commercial potential of the gold we could always debt finance (to fast track) the Lithium with our Gold income providing security. But I don't think we can do this alone, my guess its either JV or selling the asset, I mean if we were going to do it ourselves we would have kept Chris.

    All good news though, GLTAH. Good result hopefully will lead to more good news.


    Last edited by mystikal: 20/10/20
 
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