FFM 0.82% $1.23 firefly metals ltd

Rhyme OR Reason?, page-29

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    There is a rough rule of thumb for valuing gold miners.

    Take the value of the resource and value at the current gold price and then take 10%

    1.71 million ounces at A$2430 by 10% gives a MC of A$415m and a SP of 24 cents.
 
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