OK not a bad start towards a potential "re-rate".Lets assume FLG...

OK not a bad start towards a potential "re-rate".

Lets assume FLG has only 1 project that gets capital invested (which is not true as Rosario is (still planned?) to be drilled), namely Pantanillo. Your mission - should you choose to accept it - is to find similar sized MRE (say nominally 1Moz contained Au) and see what their Market Cap is ....then divide it by 1,000,000 to get the trading multiple.

What are you finding ...

And because I'm just a helpful person (lazy at times - used AI to help) and have already posted a bunch my favs, this is what AI came up with following. Now pay attention when you read "Measured and Indicated typically command a higher multiple" - and what is Pantanillo? (hint M&I .... 78% Measured). And of course price of gold soaring helps .... exploration is AUD$43 - $106. I used WA because that's our "home" exchange ... Chile as good as WA IMO for jurisdiction ... discount it it you need to.

So what is that telling you about the end of day MCap of $12M.