Investors not previously aware of this company......would be genuinely surprised at even just a basic, quick look at current cash flows.
No need for somebody on a chat line to provide sometimes overly inflated future estimates......all you need to do is go to the current quarterly cash flow report. I feel sure, some will be most surprised at what we have here.
FND is in full production now....company generated $55m in revenues last quarter .....so their gross annual revenues are twice the market cap. There is no other commodity stock anything like that. Cost of copper produced is US$1.06 verse copper now of US$2.50. So a high margin copper producer. Check for yourself .
Company say in very recent investor presentation NPAT of US$48M pa......and free cash of aust dollars 90m PA. Compare that to the market cap.....unheard of stuff.
NOTE how such little interest here on the chat line. Simply because FND has not been "discovered" by other investors. Rare opportunity here.
FND Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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