It is interesting (and misguided) to think that FYI having a...

It is interesting (and misguided) to think that FYI having a market cap of less than 1/3 of A4N is because FYI "gave away" 65% of the project to Alcoa?
What you are not recognising is the fact that FYI is now basically fully funded through to production with a world leader without any significant dilution to the current SOI. On the flipside, A4N has enormous dilution required to get to the same stage - currently 72 million options outstanding and another ~$300m in capex to raise. Regardless of if/how that is raised, the cost to current shareholders is dilution and plenty of it.
Just wondering if A4N have a track record of bringing this type of production to market??? The answer, as with all the other ASX hopefuls including FYI, is "no". Imagine if you could hitch your wagon to a proven world class performer who doesn't enter the game to lose.