FLG flagship minerals limited
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Btw this ppost wasn't suggesting that there are no JORC...

  1. cmonaussie
    11,249 Posts.
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    09/03/25
    08:33
    Post #: 78189414
    Btw this ppost wasn't suggesting that there are no JORC compliant ASX listed stocks with Chile Gold Projects ...

    A sort of market darling is Hot Chile ... but I think we would all agree that this is primariily a Copper project (but with substantial gold ~2.6Moz Indicated).

    A dark horse with a substantial backer (Gold Fields) is Tesoro. So same MCap chart as before
    https://hotcopper.com.au/data/attachments/6862/6862352-8adb0fa0e786b790966b3280796a54e4.jpg


    and then the MRE ... Red is Indicated and Blue is Inferred

    https://hotcopper.com.au/data/attachments/6862/6862354-b06bfa3bf2dbece65b6b4ad37cc6a5e5.jpg

    And that puts present MCap multiple for M&I at ~AUD$67/oz Au
    If using total MRE (M&I&I) its about AUD$30/oz Au

    So go figure right. Gold Fields is a big South African global gold producer ... they must see something. The project had a Scoping study done in Apr'23 ... screens well ... but that's 2 years ago ... and it would account for the bump in MC to $52M at the time ...slow going IMO and probably text book Lassonde curve (???).

    https://hotcopper.com.au/data/attachments/6862/6862356-ca8652a98f5b3809bb9491b3707afcef.jpg

    Any one else with any thoughts on this acquisition?
    FLG Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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