Professional
Added to YB: 2024-08-30
Pitch date: 2024-08-29
FAL.AX [bullish]
Falcon Metals Limited
+77.78%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
Company Info
Falcon Metals Limited engages in the discovery, exploration, and development of mineral deposits in Australia.
Market Cap
AUD 19.5M
Pitch Price
AUD 0.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.56
P/E
-3.32
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Falcon Metals Strikes Big: A High-Grade Mineral Sands Find Worth Over $1 Billion
FAL.AX: Gold explorer found high-grade mineral sands deposit, potential $1bn+ value. Strong lab results: better metallurgy, monazite content, grade. Q4 drilling to determine resource size. Non-core project likely to be sold. EV few tens of millions vs. hundreds of millions/bn+ potential NPV. Mgt has good track record.
Read full article (2 min)