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#frg is fully funded
£6M Mcap has one of the highest grades in the world ????
FRG cheapest Mcap compare to others listed #Lithium Co.
#kod £71m
#EMH £71m
#znwd £20m
#prem £100m
#sav £46m
#bhl £28m
#kav £11m
#acp £11M
#frg is fully funded
£6M Mcap has one of the highest grades in the world!!
FRG cheapest Mcap compare to others listed #Lithium Co.
#kod £71m
#EMH £71m
#znwd £20m
#prem £100m
#sav £46m
#bhl £28m
#kav £11m
#acp £11M
*fully funded yo DFS = NOT fully funded
What about production? £50-£100m for a plant? Are Firering planning to give away another 30-40% to get ther, leaving them just 10%, or a royalty? Are they planning to dilute? How is this going to be “Fully funded” to PRODUCTION is what i want to know. What about infrastructure/shipping?
Im interested, but I need more info.
Some weekend homework is in order
mercedesman,
I guess ALL (RICCA spun off from) would be an example of where PLL 50% offtake more or less funds the minebuild.....RICCA and All's director NH.....knows the potential for at least 20m tonnes here?
Prove up the resource first and earn in in stages......plenty of work to do before production in 8 years? time and "if" economical!
GLA
frg is fully funded
£6M Mcap has one of the highest grades in the world!!
FRG cheapest Mcap compare to others listed #Lithium Co.
#kod £71m
#EMH £71m
#znwd £20m
#prem £100m
#sav £46m
#bhl £28m
#kav £11m
#acp £11M
frg is fully funded
£6M Mcap has one of the highest grades in the world!!
FRG cheapest Mcap compare to others listed #Lithium Co.
Ty for the reply Bankrupty, so lets say they drill it out and get a good result, 20-30mt of spod6, they own 50% of it. Then what?
Is there a plan to finance the mine build?
Is there infrastructure of any sort for transport?
What do you think they will do?
Merc, FRG is still very early stages. Ignore all the world class grades hype, as you know I'm sure, it's easy to spin things.
They did have a great assay result for that month, but some of the spin is making it sound like ever found, which simply isn't true. If you compare FRG's results to say an ALL you can see the massive difference in stages at this point in time. ALL has FRG results but times 10 plus in terms of number of big returns.
FRG also had many assay results which showed areas as not commercially viable.
That's not positive or negative spin, just the true story as per the RNS's which you can check out yourself.
FRG is miles off being a KOD or ALL and comparisons at this point, as seen above are silly. I think trying to compare puts off investors from investing here tbh as quickly they see it isn't a KOD or ALL (yet).
BUT, don't let that make you think it doesn't have it's positives. It does. It has funding (as long as RICCA stay happy and take up each stage) to get itself to DFS status, now given most juniors will have diluted their holders down by 600 plus % to get to that stage, knowing your not likely to get diluted down until DFS (although RICCAs stake does dilute but you get my point I'm sure), is a big plus. Yes they still have to sort a deal IF they are to take to mine from there, but that's still a long way off and plenty can happen between now and then too. The recent soil grabs have found 2 more peg areas, which may or may not contain more Lith but will get drilled to find out.
Just like comparing to KOD or ALL for Mcaps is bad at this point, so is having like for like expectations to me. FRG has literally just started out really. Its like KOD 2016/2017, not KOD today. Yes it still has to work out shipping routes etc, but it isn't really fair to judge it like a company that has had 5 years plus to do that. I've no doubt by DFS in a few years they will have worked out those details considerably more.
As it stands today, FRG is early doors, it has money to drill and thus money to build up an MRE and add value to its Mcap and in turn SP, if those drills go well.
That's your upside here. After DFS, who knows, they might even sell. Not everything has to go to mine to unlock shareholder returns, but its foolish to think anyone can tell this early on.
Ohh and they aren't just a Lith play, although the Lith makes the news more as its in vogue right now.
Of course, that info is only useful if your weighing up on if to invest or not. If its simply a case of just posting to discredit anyone who isn't your prefered explore/miner then the above is somewhat pointless as nothing can change that.
Phase II of the Atex soil sampling programme commenced on 9 January 2023. By close of business on 16 January 2023, 993 soil samples had been taken out of a planned 2,491 samples, representing 40%
Zan thank you, thats a very helpful summary, and yes, im a potential investor, looking for the next 30x stock.
Only you can decide if you think its going to give you a 30 times return, but given the info out there as it stands, that feels a little punchy to me.
However, as I'm sure you will know, like any junior, its all down to what that drill bit finds, so you can research as much as you want, but to achieve 30 times still requires a bit of luck as the drills have to find enough product to justify that return and impossible to predict what future, not yet planned, drill campaigns will return.
Naturally, you still want the company positioned as best as possible to maximise returns if those drills do prove good.
FRG, as mentioned, has the funding to keep drilling and get to DFS (if RICCA takes up each stage accordingly as per funding DFS).
What will the MRE be by DFS? How at this point can anyone tell? Impossible. However, at least it has a route and funds to find out, which is more than a lot of its peers (same early stage peers, not fully funded to production ones).
Of course, that funding has come at a cost in terms of % given away, but that maths is for you to do.
30 times, who knows, 5 times, I'd say with a little luck theres a lot higher chance. For me, 5 times return is s great result and great start, might not be for you. Each to their own right. No right and wrong answer to that.
Still got to achieve that 5 times though so I'm not count chickens just yet
I see SP is where it was before JV with Ricco!! $88M exploration costs to BFS
Added but no share price upside ZILCH
zan
its good to be realistic. i wonder if many on aim would hold long enough for x5 but if the waiting is not too long that would be fine
Gla
I think a lot don't wait that long and I wouldn't expext 5 times soon.
FRG is a slow news share. They are/were so early stage that things take time. We are still waiting on the 2nd batch of soil samples to come back, of which they will only give basic info, then there is new drilling to pilot hole areas highlighted from the soil samples. That's likely another 6 months from start to assays back, all of which will only provide basic early stage info.
The main news will be RICCA taking up the next stage. The funding is split into stages and nothing is a given until its drawn down.
However, FRG also don't give a lot away. They aren't media darlings like some companies and thus one morning, out of nowhere I would expect news to drop about results or funding stage or plans and that's FRG for you right now.
Its my view its time will come if it can get some decent results back/in.
thats useful thanks
It's all about the market cap here.
Neil Herbert is not only excited about Firering's Lithium but also the very high quality Tantalum which occurs along with the it.
He draws parallels/similarities with the geology of Atlantic Lithium's project in neighbouring Ghana which, although at a slightly later stage, has a market cap about 26 times that of Firering's.
And as Chairman of one, Deputy Chairman of one. and Director in all Three....Neil Herbert would NOT be spending Atlantic Lithium/ Ricca money on a punt. He and some "insiders" know where we are going with this one.....as you say ShareSleuth...."It's all about the market cap here." and the people invested here......and their reputations....
.Mr. Youval Rasin
12,610,000 14.15%
Rompartner Limited
9,000,000 10.10%
Mr. Sebastian Marr
8,211,104 9.22%
Mr. Yehoshua Shai Kol
6,990,000 7.85%
Oberon Investments Limited
5,025,952 5.64%
Mr. Lincoln Moore
2,976,000 3.34%
Some interesting posts about Firering out there, suggesting the potential value of their assets.
One thing's for sure, IMO, Firering's extremely cheap on any tangible measure I can think of at the moment.
Another interesting aspect of the Ricca investment in Firering is that they have agreed to invest an additional $2m, taking the total to $20.6m, if Atex's lithium resource ends up exceeding 20Mt; that's the sort of magnitude they're looking for with their investment.
If anything remotely like that turns out to be the case, Firering's shareholders will be massively rewarded from these levels.
That is exactly the reason I am invested here ShareSleuth.....The 20MT is of significant interest to the main shareholders and our Chairman, Deptuy Chair and Director of all three companies....Atlantic Lithium, RICCA, Firering.......who says an incestuous relationship between companies hints of big profit ! What would I know....... lol
The investment opportunity afforded by Firering's current valuation and market cap remind me of when I bought ASOS shares for just 8p, at a time when it was clear (to me, anyway) that they had reached critical mass and profitability, because some fund manager (Schroders I think) was selling down millions of shares at that level. Shortly afterwards they set off on their stratospheric journey to £40+!
I believe a similar massive rerating could occur here with Firering's shares, based on reading between the lines of what the company has already announced, and what they've said (and how they've said it) in presentations, videos, etc.
They recently announced that they had increased their stake in the Atex project/licence to 90%, stating that the decision was 'an easy one'. They also currently hold a 51% controlling stake in the adjacent Alliance licence area, with the option to increase their stake in that licence to 80%. They already know, due to their 'due diligence', that the Atex project's lithium resource extends SSW-ward into the Alliance licence area. (The combined Atex/Alliance licence area extends to some 500km2, which is 'highly prospective' for both lithium and tantalum/coltan.)
What's not to like!?
Not many people have even noticed or heard of Firering yet, but I believe that will change in the not too distant future. When that happens you won't be able to buy the shares at today's prices. All IMO, of course.
And don't forget DKL....