Having dived into the report a little more , some juicy little nuggets for me -
* satellites increased from 140koz - 300koz, that’s an extra US$300m revenue and about US$100m free cash flow *FY22 forecast 80koz , meaning about US$50m fcf *FY23 forecast 175koz, meaning about US$100-140m Fcf depending on $1850 or $2000 price *satellites geology tends to be in clusters so expecting multiple deposits * significant regional land holdings with 1 world class discovery and a conspicuous lack of any other, they generally follow a trend *transformational organic growth potential with current land holdings
we have so many moving parts to our business atm , forecast gold production, gold price, updated MRE, exploration potential and a lithium deal in the makings. How the hell do you put a value on that? Sprott have initiated coverage with a well informed but IMO conservative value , but it’s a good start and likely to climb from there as we progress all the moving parts.
im also confident our new MD will shine a big light on what we have.
anyways just my sat morning ramblings , interesting times ahead
best wishes to all fellow holders
FFX Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held