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20.0¢ firefinch limited

If we sell the lithium for $300m, take off taxes and set aside a...

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bigjig

925 Posts.

96

30/09/19

17:11

Post #: 40645064
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Originally posted by JSB007: ↑

I think a good outcome would be to upgrade the resource, improve NPV and then try and sell the resource for ~$300mil, which will give us a share price of ~$0.85. I think that would be the best case scenario rather than trying to go down the route of securing funding, building mine etc which will further dilute us.

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If we sell the lithium for $300m, take off taxes and set aside a nice chunk for gold exploration, there should be enough in the kitty for around a 40cps capital return / special dividend - plus we get to keep our shares for gold upside

I'm liking that concept. Makes taking up our rights now seem like a bargain.

MLL Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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