FFX holding 20% in LLL is always going to drive FFX price higher if LLL rises above 0.70 AUD. If LLL opens at 0.85 AUD, FFX will have 0.17 AUD of LLL inside. If FFX hits 200,000 ounces per year and makes $500 per ounce...that would be $100 million...it can't be worth less than AUD300 million. So 0.25 AUD + 0.17 AUD from LLL = FFX 0.42 AUD
Share your f’casts: First day prices: FFX-gold and LLL, page-23
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