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20.0¢ firefinch limited

Not to mention PLS debt levels.

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opteron

619 Posts.

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20/10/21

11:44

Post #: 56933263
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Originally posted by nicwix: ↑

I don’t really get this - Leo is looking at Spodumene production of 780k tonne pa (75% increase on original 450k tonne pa), which is twice the current production of Pilbara Minerals (PLS). PLS is intending to ramp up to 560-580k tonne pa, but that’s still lower than Leo’s target.

Right now, Firefinch (both Morila and Goulamina), has a market cap that is 1/10th of PLS ($6.3bn). Obviously PLS has lower geopolitical risk, but is more exposed to inflationary pressures in Australia.

Funny though, I originally bought into Firefinch for the gold (after the Morila acquisition) - Goulamina was just the icing on the cake!

Does Firefinch (FFX + LEO) still have ten bagger potential?

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Not to mention PLS debt levels.

FFX Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
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