Friday 5th June 2026: FFM to move up into the ASX200 Index as from 22-June-2026: SP-DJI-Announces-June-2026-Quarterly-Rebalance.pdf

It's interesting that this company, which I hold in my ISA (income stream account) is a pre-revenue Copper-Gold project developer - their Green Bay Copper-Gold Project (headlined by the Ming underground mine) is located on the Baie Verte Peninsula in north-east Newfoundland, Canada. And they're about to become an ASX200 company without any revenue.

And FFM is not Robinson Crusoe - it has company. Minerals 260 Limited (MI6) is also about to move up into the ASX200 Index, another pre-revenue Gold project developer - MI6's flagship project is the Bullabulling Gold Project, located in the Eastern Goldfields region of WA, approximately 25 kilometres west-southwest of Coolgardie and about 65 kilometres southwest of Kalgoorlie, so very close to a ready-workforce, logistics, and everything else they need. I also hold MI6 in that same real money portfolio (my ISA).

In other news, on the same day (June 22nd), testing solutions company ALS Limited (ALQ) is replacing Pro Medicus (PME) in the ASX50 and uranium play Paladin Energy (PDN) is replacing Metcash (MTS) in the ASX100.

Disclosure: Of the companies mentioned above, I currently hold FFM (4%) and MI6 (1.9%). Those percentages are weightings of my overall real money investments in listed companies and ETFs across my real money portfolios, and are based on yesterday's closing share prices, so market value rather than sunk capital.

Going from 0.7c to 17c in a year (a 24x return!) is amazing stuff.

Not my usual bag, but had a closer look out of interest.

The reason for the pop is that Auteco has struck gold -- literally. A tiny little minerals exporation company has grown to ~$274 million market valuation after announcing that their Pickle Crow project in Canada has discovered 830,000 ounce deposit.

At current gold price, that's ~$2 billion worth.

So perfectly sensible for shares to re-rate so significantly.

But the proposition now is very different to when shares were only a few cents. The reality is that to extract that gold they need to move around 2 million metric tonnes of dirt. This will take years and a LOT of capital investment. We don't know what the gold price will be when they are ready to sell.

To get a read on value you'd need to have a good idea of the cash cost of production and the production rate. As well as have a confident view on gold.

Also be prepared for more capital raisings and a lot of volatility.

Way too hard, and too high risk, for me.