LLL Demerger and Offer - Consolidated Thread, page-34

The way I see valuation of FFX

100mil cash
200mil mine infrastructure
20% of LLL @ 800mill mcap - 160mil
It’s already $460mil so far and now let’s add

- bullion inventory that we currently hold
- Plus gold that we have in the ground and will be - - producing 100koz this year 80mill profit at current gold price and 200kozpa 2024 onwards aisc - $1124 with gold @1900+ - approx $800 profit @200k - 160mil profit pa
This will be a billion $$ mcap company in 12-24 months time

At what PE is gold company evaluated these days?

LLL should double or more on listing .. NPV 4.1 bill at below $1000 conc .. go figure valuation at current prices

both will be winners ..