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0.00% 20.0¢ firefinch limited

Zero debt, working mine, funded to start digging.Assuming gold...

  1. HeliosUK
    2,456 Posts.
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    06/12/21
    09:49
    Post #: 58090484
    Zero debt, working mine, funded to start digging.
    Assuming gold heads back towards $2000 USD/ounce, which I think it will, then we're pulling about $1000 USD/ounce profit. That's $1420 AUD/ounce profit.

    Expecting 100koz in calendar year 2022 - $142,000,000 profit.
    Scaling to 200koz over 10 year life of mine... $300m profit per annum.

    Anyone who thinks Morila, and the currently undrilled surrounding land, is worth $1bn is laughing. I think it's on its way to $2bn this time next year

    Anyway, back to lithium, $2bn+ valuation for LLL before EOFY in my view
    Last edited by HeliosUK: 06/12/21
    FFX Price at posting: 81.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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