FFX 0.00% 20.0¢ firefinch limited

Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-37

  1. 4,047 Posts.
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    Our Lithium is totally forgotten, we're seen as a gold stock now and gold has broken the $1850 support. There is a lot of hype about the vaccines in the news atm, the US is semi paralysed until the new administration takes over in January. Then the QE will start & gold will spike.

    Just on Lithium alone we are grossly undervalued compared to our peers.
    What must also be realised, is these satellite pits are tiny compared with the main pit - they are just a bridge till we get back into the main pit. We have only gone about 200m in depth - the Kalgoorlie superpit is over 600m deep. Some of the intercepts just below the pit are exceptional - eg 56m @ 5g/t and its open at depth.

    It will not take long to upgrade the tailings reserve & possibly extend the life beyond May. As its a known geometry the calculations will be quick.
 
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