the lithium asset is valued at @ 8cents per share or @$60m by brokers research reports but IMO the market hasn't take that into account as the company is now a gold producer. IMHO i believe the lithium asset should be transferred into another public company with a new board with the experience required. the FFX shareholders should receive shares in the new company at no cost . then it raises funds
from shareholders or
it does on IPO or
insto placement or
strategic partner
the market will capitalise the new company based at a discount on its peers- refer previous posts on capitalisation by Red Barron - 200m to 500m
FFX should remain at the same SP but should be recapitalised without the lithium when the new research reports come out.
FFX Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held