Ann: Viper Delivers High Grade Gold Results, page-40

I think the "risk" that big institutions are looking at is the lithium capital cost on oneside and no progress on lithium resources.

I see value in both but many intitiutions might not look at it that way, especially since "gold investors" look at investing differently to "mine" investors.

Furthermore intitutions normally have investing mandates or guidelines like Precious Metals or Renewables and potentially limits on what they can invest in.

A insto looking at investing in a gold mine might look at FFX and think, great resource but will the revenue be used for Lithium expansion?

Where as a Renewable fund will look at FFX and say, lets wait this mangement is not driven on the Lithium mine and might be X years before lithium is looked at seriously.

Once lithium is spun out I think both groups can look at FFX and invest accordingly.