I think there should be 2 miner adjustments to your thoughts,
1. being less than $100m cash in FFX account with both costs of the quarter and LLL IPO deducted.
2. AT BEST, punters would be adding 20% LLL@ 70c though u think it highly likely u til list date, this amount would be a significantly reduced rate.
A FFX announcement would be of little value today as metrics and valuations will take some weeks for dust to settle and a fair share price awarded to FFX.
2 dates to look for FFX movement include:
obiously 23rd of june as LLL starts trading,
approx July the 6th, I’m imagining, they will release a Q2 production report hopefully displaying a generous uptick in oz output and within guidance. Sp should appreciate due to a successful ramp up.
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