The below quote is from the recent resource upgrade asx announcement. Based on that, they presently have at least a 5 year LOM at 150-200k oz pa, plus they stated the satellites will take 2 years to mine (without upgrades) To upgrade the approx current 1m oz inferred to measured or better, is just a matter of infill drilling. That would give another 5 years, that's without any more exploration.
I also note BGL which is in the process getting finance for a plant only has a 7 ½ year LOM. It has a market cap of $745m, about the same resource but very high grade - underground mining
"The current Production Target relates to over 5 years of mine life based 100% on Measured and Indicated Resources with any future conversion of Inferred Resources representing an opportunity for extension this mine life. As the Morila Mine is an ongoing operation and substantial capital expenditure is not required to commence the mining of the Morila Pit there is no minimum mine life required to be attained. "
FFX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
