"we expect additional ounces to come into the mine inventory which gives Firefinch the flexibility to proceed with the current mine plan, or mine more satellites, dewater the Superpit faster and target the high grade ounces in the NE of the pit earlier in the mine plan.
This flexibility is key and one of the reasons we like Firefinch: between the infrastructure in place and contingencies in every aspect of the operation, we think it offers best in class risk adjusted returns for a “new” 160-200koz producer.
We reiterate our BUY rating and price target of A$0.70/sh based on 0.9x NAV5%-1850"
FFX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
