If we want to do peer comparisons: https://docs.google.com/spreadsheets/u/3/d/1hnfM3dwXPStNb6x7aC8D4NA8G2JhS23amSL63orw9Y8/edit?usp=drive_web&ouid=100889122036883028155 (All information is open sourced and linked to public announcements, I have recently updated to fix for ownership in EV calcs).
Based on Resource alone: You get a share price of $0.58 based on peers or based just on PSC $0.18/share. Where can you get a 2.2Moz gold resource for $36m ($0.05/share eq or $16/oz with a gold mill)?
Based on Mineable Reserve alone: You get a share price of $0.86 based on peers or based just on PSC $0.21/share. Where can you get a 2.2Moz gold resource for $14m ($0.02/share eq or $6/oz with a gold mill)?
Based on NPV alone: You get a share price of $0.53 based on peers or based just on PSC $0.12/share. Where can you get a 2.2Moz gold resource for $86m ($0.12/share eq or $39/oz with a gold mill)?
Smells to me like the lithium is not factored in at all. Even in the worst case scenario where its valued the same as INF and PSC (and it should be valued much more due to no liquidity restrictions, as both of these companies are likely undervalued)
The buy side is looking hungry, the sell side is looking malnourished. For this to 5x from here is trivial.
Bring on the price discovery....
- Forums
- ASX - By Stock
- FFX
- our globally significant Lithium Resource
our globally significant Lithium Resource, page-329
-
-
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online