AISC is also high coz of capex as well but ye. The thing about FFX that people do not see often/or forget is with other normal explorers plays is that there usually is an orphan period for construction or a massive capital outlay, we have neither issue...
we are going straight into it making revenue and have a modest resource (i.e. tailings, satellites, koting and morila 1.3) to not only comfortable make a good profit year on year $90m p.a. for 7-10 years potentially (rough rough estimates so apologies if this is incorrect) and then also some opportunities to find other potential monsters (samacline and morila 2.0).
we also have a few backup plans as well (koting regional, dankassa, kondji and other royalty partnerships like kodal and marvel gold)
there are not many junior mining companies that have this arrangement... usually its a sink or swim coz of funding. we have the opportunity to make quite abit of money over 7-10 years whilst finding another resource as well...this is a company building opportunity.. and we are quickly making progress on delivering the sustainable future of getting the satellite pits/koting to fund it.
and also we have a lithium asset.
- Forums
- ASX - By Stock
- FFX
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-51
-
- There are more pages in this discussion • 242 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)