Sep. 16 at 1:04 PM
$FNMCF Capital 10X published a research note on First Nordic: Merger with Mawson Finland Limited #GOLD
◾️Deal is accretive to First Nordic shareholders on an EV/oz basis with Mawson trading at US
$49/oz AuEq vs. First Nordic at US
$68/oz AuEq. First Nordic also trades at a price to net asset value 50% higher than Mawson pre-deal announcement.
https://capital10x.com/wp-content/uploads/2025/09/Capital10x-First-Nordic-Mawson-Merger-Note-September-15th-2025-PUBLIC.pdf