Ann: Quarterly Activities Report, page-255

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JungleJim1

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04/02/21

12:17

Post #: 50703188
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Originally posted by mystikal: ↑

there are some benefits for being classified as junior gold producer rather than a lithium developer, such as being taken up by gold miner indexes:
Underlying Index:MVIS Global Junior Gold Miners Index (MVGDXJTR)
The Index comprises:
A focused group of small-cap companies, many of which are involved in the exploration and development of new sources of gold either through greenfields exploration or the use of new geologic models to prospect for gold in overlooked or abandoned properties
Companies eligible for inclusion in Index:
Companies that generate at least 50% of their revenues from gold and/or silver mining/royalties/streaming or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed
Market cap exceeding $150 million
Daily average trading volume of at least $1 million and traded at least 250,000 shares per month over the last six months
Index provider:
MV Index Solutions

As you can see their criteria is pretty simple and once satellites start being mined, 2Moz gets proven and our market cap is $150m+ over 6 months, we should see another kick up being bought by an index's (roughly 10 globally?) like this. Which is why I don't mind if we focused on gold a bit more, if we perform well we will be able attract this type of attention

The reason why I like FFX's asset position, we have people invested in the company for the gold and we also have others invested for the lithium and we have people who are invested for both. Hopefully the Doc can keep delivering on his plan/milestones.

Expand

Great work.
I believe once we meet those conditions and FFX is admitted into the MVIS Global Junior Gold Miners Index then Funds/Insto's will need to consider FFX as part of their portfolio thereby re-rating the company and stabilising/increasing the SP at the same time.
FFX Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

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Ann: Quarterly Activities Report, page-255

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Emerald & Azure score Digger & Dealer awards

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True North increases silver metal at QLD's Vero deposit by 20%

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