FFX 0.00% 20.0¢ firefinch limited

Ann: Life of Mine Plan for the Morila Gold Mine, page-24

  1. 128 Posts.
    lightbulb Created with Sketch. 49
    Let me do a quick end of envlope dividend calc (in USD):

    Expected Gold sale price = $1,850 (same as sprott)
    ASIC = $1,124
    Avg Annual production = 160,000 oz
    Mali government's stake = 20%
    Mali's corp. tax rate = 18% (after all tax loss credits being used up)
    SOI = 783,088,999; (but I will allow more options/performance rights to come through) say 800,000,000
    Payout ratio = 50% (purely guess, as we will need some funds to particpate new resource buying / other relevant infrausuture upgrade etc)

    This works out to be:

    (1850-1124)*160000*0.8*0.82/800000000*0.5 = 4.8c per share

    And time to bring USD back to AUD for us, for a 0.77 exchange rate:

    = 6.2c per share in AUD

    6.2/38 = 16.3% dividend yield on average from just the gold side of the company (no consideration to gold price upside / grade improvement / lithium demerger)


 
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