Ann: Macquarie appointed to advise on Lithium value Realisation, page-30

With the gold mine FFX own the lithium is currently valued at next to nothing - very little chance of development.
The company have just announced they are in offtake/partnering discussions lead by Maq Bank ( good history of closing li deals).

You would simply HAVE to give the lithium a 35% chance of near/medium term development from here.
The post tax NPV is $1.2 billion from memory. Taking time/development risk - let's give it a valuation TODAY of 25% of NPV

Rational valuation TODAY:

$300 million for the lithium (to rise as development de-risked)
$250 million for the gold (to rise as production numbers confirmed over next 12 months)

When will the market wake up to this massively undervalued opportunity ??

This SP could double and still represent amazing value for new investors over a 24 month hold.