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20.0¢ firefinch limited

Interesting comparison Binwood. As you know I'm in PLS & AJM...

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AGreatYear

529 Posts.

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06/10/17

16:27

Post #: 27720342
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Originally posted by binwood ↑

Can they control who they take their spod forward pricing models from? Yes
If they can make an announcement today noting variables and their effect on the PFS data today could they have done it yesterday? Yes
Had they done it yesterday would the share price have fallen 30%? Probably not.

"Looks just as good as before" - if you think it looked good based on what the PFS showed you have rocks in your head. If you think it looked good based on running your own numbers, that's a different story, one we weren't talking about.

Oh and for the record comparing to the PLS PFS, they used a spod price for LOM of $456 which is worse than BGS and came out with an NPV 3 times as high. Make of that what you will.

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Interesting comparison Binwood. As you know I'm in PLS & AJM now.

If BGS is viable off current pricing, PLS certainly is. That isn't an excuse to discredit a positive study though. At least this African company has done a study and is worth a quarter of the jungle deposit in DRC with 7 drills holes.

If I was to be throwing money behind a lithium play out of Australia, my money would be in this one, not the other. I think a new CEO with lithium experience will help significantly.

BGS Price at posting: 31.0¢ Sentiment: Buy Disclosure: Not Held
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