The Government will be cashed up enough to potentially purchase FFX (and its LLL holding) or an additional 10% stake if it chooses as part of the "negotiated settlement agreement", irrespective of the old mining code probably still applying.
It's not fair, but T.I.A....
50c for LLL is still probably fair value atm, but should rise quickly in second half of 2024 once the FFX distribution of LLL shares is finally completed, irrespective of who they go to.
Anything like $2 won't happen until stage 2 can be funded in 2026/2027 and/or spodumene price gets back over $3k per ton for a extended period of time.
Knowing our luck it will rise and fall again before stage 2 ever comes online hahaha
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