Firefly Metals (TSX: FFM) bought the shut-down Green Bay copper-gold project in Newfoundland for A$68 million in 2023. Its new PEA now puts the base-case after-tax NPV at A$2.2 billion, with a 42% IRR, a 1.9-year payback, and a mine life of more than 32 years.
In this video, we break down the new study, the existing infrastructure, the unusually strong grades, the low-cost hydro advantage, the capital requirements, and the financing path that could take Green Bay back into production by 2029.
We also look at the catch. A large portion of the value still depends on inferred resources, sustaining capital is substantial, and Firefly still needs to fund construction.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
