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.
the lithium asset is valued at @ 8cents per share or @$60m by...
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