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#Bull Case
stale
Added 3 years ago

 FFX is a high risk/high reward resource junior.

They purchased the Morilla gold mine from Barrick last year for $40m including all infrastructure.

They have proved up a mineral resource of 2.4m oz at 1.6g to date however drilling continues.

They currently produce ~10k oz per quarter which covers the costs of exploration.

Mining will soon commence in high grade zones with production increasing to ~150-200k oz and a 12 yr LOM.

FFX also has a lithium asset called Goulamina, which the company describes as one of the world's largest undeveloped lithium deposits. 

A DFS has confirmed a low cost, high grade mining operation with a 23 year life and a NPV of $1.7b

FFX announced they are going through a demerger process to spin off the lithium which should create some real value for shareholders.

As usual do you own research.