Dec. 2 at 1:35 AM
$FFMGF $FF.TSX FF re-rates from today to something like
$0.60 to
$0.80 on EA, roughly
$1.00 to
$1.40 with a 60/40 JV and construction decision, and potentially
$1.30 to
$2.00+ into first gold, assuming gold and capex stay reasonable.
These ranges are based on the after-tax NPV at the gold price used in the PFS.
I’m using fair value capital markets pricing not investor enthusiasm pricing which would likely drive the price higher!
Greenstone, owned by Equinox Gold (60 percent) and Orion Mine Finance (40 percent), is an appropriate comparison in terms of project scope, jurisdiction, scale, and development pathway.
