FFR 0.00% 12.0¢ firefly resources limited

If RIO found an IOCG then everyone in Paterson will benefit...

  1. 565 Posts.
    lightbulb Created with Sketch. 149
    If RIO found an IOCG then everyone in Paterson will benefit greatly
    In relative terms MZN owns a decent amount of land in Paterson.
    Its has a MC of about $10m and has roughly speaking 1400km2, which is 140km2 per $1m
    Antipa has a MC of $52m and has:
    1. Citadel Project for a potential final JV with RIO of 75%-25% 1335km2, leaving Antipa with 333.75km2
    2.  North Telfer 100% 1300km2
    3.  Paterson project 100% 1711km2
    4. Extra staked land 1000km2

    For a total of: 4344.75km2, which is 83.5km2 per $1m
    Source: http://antipaminerals.com.au/projects/north-telfer-project/

    So it looks like MZN is doing OK for a Paterson junior
 
watchlist Created with Sketch. Add FFR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.