Firering Massively Undervalued21 Apr 2023 13:26
Ricca Resources' recent investment effectively valued Firering's Atex project (a small proportion of Firering's overall concessions in The Ivory Coast), on its own, at £30m or 34p per Firering share - and the project's fully funded to DFS by Ricca.
Also, Firering have favourable banking facilities already in place for low-cost initial production of high-grade Coltan (at about $150,000 per tonne, according to the company), which in turn will self-fund ongoing value generation. Most importantly, IMO, the company have said that they see little or no need for additional fund-raising/dilution in the near future - by which time the share price should be considerably higher than it is today.