Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.
To own FireFly Metals, you have to believe its Green Bay copper gold resource can be converted into a viable mine despite zero revenue and continuing losses, and that today’s valuation already reflects much of that risk. The A$85,000,000 raise at A$1.70, plus the C$30,000,001 filing, materially boosts the balance sheet and gives the company more room to keep drilling with six underground rigs and progress studies, which could support key short term catalysts around resource upgrades and potential development decisions. At the same time, the fresh equity adds to dilution in a business still forecast to be unprofitable over the next three years, and recent conference exposure in Sydney, Melbourne and London mainly amplifies that high risk, high reward exploration story rather than changing it.
However, there is one funding related risk here that investors should not overlook. The analysis detailed in our FireFly Metals valuation report hints at an inflated share price compared to its estimated value.Explore 5 other fair value estimates on FireFly Metals - why the stock might be worth over 4x more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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