Just to add: my valuation of 6 cents is based solely on the value of Tolukuma as well as on the huge potential of FNT's Gascoyne Rare Earths Project. IMHO, Saki will probably be worth 3 cents per share alone (A$25 million MC).
With regard to the valuation of FNT's Gascoyne Rare Earths Project, I think Catalyst Hunter's recent purchase of 12,823,582 FNT shares says all you need to know.
"Our Latest Investment: Rare Earths Exploration" - 10/02/2022:
https://catalysthunter.com/mining/fnt/our-latest-investment-rare-earths-exploration/
Cheers.
Ann: Saki Final Trench Sampling Results Including 1m @128g/t Au, page-107
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