FFX $1 Party, page-44

Are we getting expensive? Note for all comparisons I have set FFX cash to $0 as I will show value of that separately.

Value of $0.46-$0.94 for the lithium based on resource.


Value of $0.49-$0.90 for the lithium based on mineable inventory.

To be conservative lets use $0.50/share for the lithium even though we are significantly derisked and funded.


For the gold on a resource and reserve basis we have $0.27-0.39/share, however with the boat load of drilling yet to be factored into our resource/reserve I think it is more apt to use NPV (which will also increase based on the new drilling)


Finally we have the cash, US$65m for our lithium and A$55m in FFX a total of A$140m or $0.15/share.

Lithium + Gold + Cash = 0.5 + 0.5 + 0.15 = $1.15/share.

Once we get closed to financing completion and closer to mining lithium and higher grade gold watch these valuations explode as our low cost operations yield far more profit out of our resources compared to peers.

GLTALs, see you at $1.