FRB 0.00% 16.5¢ firebird metals limited

IPO - Firebird Metals Limited - 19 March 2021 #, page-55

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    A balanced summary but I wonder whether you are "mixing your metaphors" here. E25 reserve is 50.6Mt, as you note, but their resource is 263Mt, so if the number you quote for Oakover is actually the resource, then this is the number which should be used for comparison. Also the only feasibility studies to come (that I'm aware of) concerns the proposed EMM plant (due this year). Since a picture is worth a thousand words here is one:

    https://hotcopper.com.au/data/attachments/3019/3019571-dcdb5fa4491820582292fda5ffe7e2a9.jpg

 
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