Ann: Trading Halt, page-7

This may not necessarily be relevant from an ASX perspective but .... still on TSX Venture exchange and it was one of the companies highlighted earlier - NexGold - whose assets are in Canada ... which I consider to be as safe/risky as Chile

They put up this comparison ... they have 2 projects in the PEA/PFS stage










So on an M&I basis that's ~6Moz Au ... for an EV of about CDN$80M ... ~US$55M ... and that's a ridiculously (?) low US$9/oz ... means market thinks funding might be challenge?? Wouldn't have thought so looking at the capital structure.

Just shows the potential for "mispricing" exists ... RIO2 is more advanced (because its funded) ... but NEXG is ~25% bigger and trading a 1/3rd the multiple.

But I do like some of the valuations ... where will this asset acquisition take FLG.