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
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Mkt cap ! $20.99M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
5 | 4223506 | 0.6¢ |
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Price($) | Vol. | No. |
---|---|---|
0.7¢ | 3554738 | 5 |
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9 | 3899198 | 0.005 |
2 | 3125000 | 0.004 |
2 | 4333333 | 0.003 |
4 | 17913995 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 3554738 | 5 |
0.008 | 13736694 | 6 |
0.009 | 12932198 | 9 |
0.010 | 6295000 | 4 |
0.011 | 5974891 | 3 |
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