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manny100

5,549 Posts.

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11/02/21

22:29

Post #: 50914580
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Originally posted by boy1: ↑

To be honest, one thing we really should be highlighting, which I think is a big driver of the renewed interest in our lithium project and a huge competitive advantage to our peers is it’s not just that we will survive and make money if lithium prices hit the floor, it’s our access to over 550 skilled workers. Do not understate this.

It also keeps the gov happy as we are employing locals so it’s a double derisking characteristic.
A 4.5mtpa gold plant and operation needs 550+ workers, our lithium project is 2.2mtpa and from surface, so I’d guess we would need 150-200 at steady state.

Having access and a reputation for getting skilled labour is critical in Africa. We have this.

Expats will likely oversee the metallurgical side of things, locals will manage the rest I suspect.

We have the labour, we have the project, the money is on its way IMO.

2 funded projects are very likely to now be sitting in FFX very soon.

super exciting, I’m extatic atm.

still a few more runs to score but I’m 87 not out and going to take my helmet off and raise my bat soon.

Boy

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Agree, FFX with its gilt edged GOLD retaining an 'official' commercial interest in the Lithium will be of comfort to potential investors. The Doc and BOD are on the ball.
The BOD as a result of their large FFX holdings will retain a significant personal interest in the Lithium business which in turn provides comfort for us mere mortal retail investors. FFX with its GOLD will effectively never allow the Lithium business 'to go wanting'. That is a hedge for us which likely will never be drawn on..
This is an extremely compelling investment.

FFX Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
15 Upvote

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