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20.0¢ firefinch limited

Sprott initiates coverage of Firefinch, page-14

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sachz

11,393 Posts.

1584

14/04/21

15:40

Post #: 52464189
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Originally posted by Da12kl0rd: ↑

Significant upside to producer peer multiples.
Firefinch is trading at a significant discount to the West African (plus Centamin) producer peer average valuation ranges at just 0.3x NAV and US$58/oz vs the producer peer average of 0.7xNAV and US$112/oz. Of the producers, Firefinch is one of few with transformational organic growth opportunities in the near term and with a 685km2license area with one proven world-class asset but otherwise a conspicuous lack of large discoveries.Moreover, Firefinch is trading within the P/NAV and per ounce multiple ranges of West African gold developers and explorers, but with the advantage of significant infrastructure in place, therefore less capital requirement to define and develop its ounces

IMO we have a strong potential to find more super deposits. This will add an astronomical valuation to us one day.
In the mean time, while drilling occurs, I'll happy collect my divvies from 200,000 ounces per year of gold, and the 20+ years of lithium.

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what DIVVIEs per share do u see us getting in the coming years?

FFX Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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