It would seem that every day we maintain our patience with the...

It would seem that every day we maintain our patience with the Lithium project, it goes up in value.

It's possible to get a sniff that Lithium boom mark II is just around the corner.

I'm thinking that we wait about 1 to 2 years before making a decision, and by then the project's value should have more than doubled.

It's beginning to look like the Lithium project is also going to be a golden goose, and we don't want to waste the opportunity by selling it to anyone too early, for too low a price - this is important.

Personally, I'd like to see the following;
1. FFX create a new Lithium company on the ASX ( call it FireHawk ),
2. have an IPO,
3. spin-out the Lithium project into it,
4. get Chris back to be CEO/MD of the new company,
5. give FFX shareholders free in-specie distributions of shares in the new company,
6. and the company FFX also maintains a 30% interest/ownership of the new company,
7. agree on a NSR,
8. FFX gets a seat on the board.

I think the Lithium project itself, during boom mark II, could easily reach a market cap of $500m or more.

Now we need to be patient, because timing for this is everything, wait ... wait ... for the height of the boom, or just before it, and I'm estimating about 18 months to 2 years.

Gw