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tbh after 1for1 brought up about kodal and i did the math... our...

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mystikal

1,692 Posts.

826

12/05/21

14:21

Post #: 53123616
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Originally posted by Karl89: ↑

thinking about your post mystikal

if LithiumCo was to have a targeted $200m market cap.

approx 820m FFX shares at a 1 LithiumCo to 8 FFX shares
= 102m shares

cap raise 48m shares @ say, $1 a share

200m market cap, 150m shares on register (I feel like we want to keep share register equal to or >150m shares) including $48m (minus expenses) = list price of $1.30 per-share.

That includes asset of a “free partner built plant” and 40% of an asset we don’t have to run.... if the gold is screaming value, the lithium sure is. (Minimal employees/ management/ costs low)

$48m (minus costs) to hunt/ acquire more land/ projects... that is far more capital than your average junior explore to go out looking, all the while 40% of a tier 1 lithium churning away at one of the lowest costs in the world ....

This is blowing my mind, please someone jump in here... surely I’m off with my numbers here, someone please correct me!

The variable would be if FFX wishes to keep a substantial holding in LithiumCo

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tbh after 1for1 brought up about kodal and i did the math... our lithium company is worth at least $600m AUD thats based on Kodal's current mkt cap of $91m AUD and their lithium asset is 6.5x smaller than ours...

and thats a real comparison for ya, just down the road from us.. and they havent even got their mining licence yet....

FFX Price at posting: 37.8¢ Sentiment: Hold Disclosure: Held
28 Upvote

0 Great analysis

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