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17:56
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Originally posted by manny100:
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There is a fair bit to do before a decision is made whether to spin off the Lithium. A decision will be made that reflects the best value for shareholders. I doubt they would spin it off quickly. The BOD will want a clear path to development for the new company before spinning it out. So i think the clear path for our Lithium will be offtakes and finance in place. Once a clear path has been established the BOD will be in a position to decide does FFX proceed to develop on its own or with another party or does it spin it out.
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I agree with Manny. Plenty of time to work up the lithium asset and secure offtakers before spinning it out at a much more favourable value. The rush is on the gold for now.
