What I like most about the Sprott report is that they've put out a A$0.50 price target (70% increase from where we are now) for:Essentially a significantly undervalued gold producer with huge upside potential with the lithium spin off - the demerger is like a free lotto ticket where you know half the numbers
- Gold that is conservatively valued at A$533M (0.75x NAV, potentially overestimating capex, potentially overestimating AISC, no further expansion beyond 177koz pa and mine life until 2029 - only 8 years)
- Lithium that is criminally undervalued IMO at A$60M (~5% of post tax NPV10, based on current resource that is open in all directions and assumed spod price of $666 (which has been on the rise and is now around $700) - valuation likely due to uncertainty of go/no go, but the demerger will shine a light on this)
Lots of catalysts heading our way too
I need a cold shower
- Forums
- ASX - By Stock
- FFX
- Sprott initiates coverage of Firefinch
Sprott initiates coverage of Firefinch, page-130
-
- There are more pages in this discussion • 249 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
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online