1. Shut the plant down. At the moment it's obviously not viable. Management should communicate the connected costs. 2. Wait one or two years. The gold price could do wonders in that time. If it doen't the financial damage is not too big. 3. Sell the plant/resource in one to two years as it is. Surely it is still worth something! 4. Get a partner, automaker, strategic lithium investor on board who is interested in a LLL board seat and offtake of stage two production.
Dilution of the existing LLL holding and doing a cap raise at 6c and keep losing money on the operation in sole hope of a rising gold price isn't the best long term option for the current shareholders. Day one of trading it will probable fall to 2 cents, which will be the next decision point when it might make sense to keep FFX as a gamble, if the LLL holdings value is around 4 cent a share then... .
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held