FFM 1.20% 82.0¢ firefly metals ltd

I think the options to reinvigorate the underground are beyond...

  1. 1,112 Posts.
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    I think the options to reinvigorate the underground are beyond them currently tbh, to de-water the underground, source a new head frame and rehabilitate the shaft for over 200m you're already talking capex in the hundreds of millions - and that's just to establish a drill platform.

    The mill seems too small for commercial levels of gold production, and doesn't sound like it has ever been used. The grade and size of the Resource is impressive, it's just that it's going to be very capital intensive and expensive to bring online.

    So a sale probably does seem like the best strategy going forward, but probably under the assumption that a potential buyer would be unable to leverage off the existing infrastructure (probably requires a new mill etc).
    Last edited by jman0076: 25/06/22
 
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