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“ All the board members have done enough of them to know how

long deals take so we have half an eye on opportunities and once
we are into Morila and have production we will be ready to act.

460,000 tpa spodumene concentrate – have production we will be ready to act,” to grow again from 2022.
means in some respects if we get Gou- he said. “We need to establish a sound “People are starting to realise that is
lamina right it will prove as lucrative as production profile track record at Morila the path we are on and believe the team
Morila. And, we will still own 50% of first though. Timing is everything, we has the capability of delivering,” Ander-
Goulamina – through the new vehicle – would want to get value in the stock be- son said. “All of a sudden Firefinch, this
so we haven’t given away the upside.” fore we act on the corporate front. Even company with a 40c share price and
The two transactions reveal the in- at 100,000 ozpa we will have demon- $350 million market cap, has demonstra-
nate corporate abilities within the Fire- strated the pathway and should have ble potential to be capped in the billions.
finch team. Although the company has converted to some real value. It would be There is a lot of hard work to get there
its plate full with Morila and Goulamina, far more prudent to enact a M&A strat- but it is not unprecedented. We just need
Anderson admitted other options were egy then.” to deliver on a very straightforward and
already being considered. With production currently around achievable strategy.”
“All the board members have done 45,000 ozpa, that moment would ap-
enough of them to know how long deals pear some way off but given the rate of – Dominic Piper
take so we have half an eye on opportu- transformation in the last nine months,
nities and once we are into Morila and no one should discount Firefinch’s ability

Firefinch is aiming to pour 50,000oz gold this calendar year

“ We didn’t have any

negative feedback

on the story and while
Mali is not for everyone,
those more experienced
investors who remember
Morila’s heyday were
willing to back Firefinch.

As Mali’s largest ever gold mine, Morila is
iconic in the eyes of government, community
and international investors

aUSTRaLIa’S PaYDIRT aUgUST 2021 Page 25