Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

Ann: Response to ASX Aware Letter, page-87

First 87 Last

Share
Profile

Follow
intelseb

3,357 Posts.

185

05/08/22

13:22

Post #: 62945556
Share

Originally posted by ozblue: ↑

@manny100 .. nobody is claiming the gold isn't there, what is the question for me is how much does it/will it cost to extract in the new environment of much higher input costs and lower Gold prices.
It's very possible that at current prices it isn't viable to remove all the tailings and overburden then mine the pit. We simply don't know what it will cost to get to full production, then the operating costs from there.

After the stuff up this year and the answers to the aware letters, I don't have any confidence in whatever numbers will come from the current management/BoD.

What reason is there to trust any new numbers they come up with? That is a serious question, because IMHO when you burn the market, regaining trust is very hard. Would you trust them enough to put in more of your money just on their word about it being profitable next year??

Expand

There are a number of consultants that were involved, so it's not just management providing the numbers, but I do relate. Why was so much money spent without anyone batting an eyelid - that is the answer I want.

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

RCE

Recce's R327 found effective against E.coli during clinical trial

Microcap Wrap: 5 explorers with news out today

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

There are more pages in this discussion • 116 more messages in this thread...

First 87 Last

Add FFX (ASX) to my watchlist

SPONSORED BY