For a start i'm not downramping here...i agree the potential is there...
FHS has circa 60m tonnes (from memory) @ 19% Fe....(my best guess without verifying..) there's a few others out there at a similar stage with more grade and more resource than FHS, that are better value IMO. Until they start turning some of this potential into revenue, there isn't a compelling enough reason to trust the potential. Don't get me wrong, a good start with the planned 5mt a month mining operation, but at current prices, how much free cashflow will that generate? What's the cost to mine? $50/tonne? $60/tonne? at best you're looking at maybe 200k-250k a month free cashflow. For me, that doesn't support a 45m MC right now... show me 15-20mt a month and FHS all of a sudden looks more attractive.
AIMO
GLTAH
Ann: Large Potential Copper Structure Identified at El Dorado, page-57
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Mkt cap ! $20.99M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $18.80K | 2.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 7217379 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 13253619 | 4 |
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| Last trade - 12.20pm 17/06/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 1500000 | ||
| Last updated 12.18pm 17/06/2024 ? | |||||
| FHS (ASX) Chart |
