FFM 3.01% 80.5¢ firefly metals ltd

New Investor presentation out in the ASX announcments for...

  1. 2,614 Posts.
    New Investor presentation out in the ASX announcments for AUT

    Well worth a read , has some excellent pictures of well locations.

    Also explains the NSAI valuations, and hopes to convert 3P to 1P in 12-18 months.

    Peak negative cash flow in 2011 which we knew, $38M in cash stil avail.

    Has great explanation of drilling plans to 2017 and beyond. With cumulative cash flow projected beyond $2B in 2024, faster if they reduce well spacing to <80 acres.

    Still very liquids rich at 80% of Rev.

    Well worth a read, theres a clear funded plan for growth and it inspires a lot of confidence in these guys.
 
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