RE: CIBC target on FRO at $1.50/share.... To put my previous analysis and dialog into better perspective, consider the following figures from Frontiers PEA of March of this year......
Market value of RE concentrate - $16/kg [approx]
Operating cost of RE concentrate mine - $6.03/kg
Capital costs of concentrate mine - $300 million
Net Present Value of mining and marketing concentrate - $1.1 billion [approx]
Market value of separated REE's - $58.23/kg
Operating cost of mining and separating REE's - $13.08/kg
Capital costs of mining and separating REE's - $910 million
Net Present Value of mining and marketing separated REE's - $4.3 billion
I think you will agree with me, that mining and marketing "separated" REE's is of greater value to us shareholders than a concentrate operation. And from the same analyst coverage in my previous post, I am not too sure why Jon Hykawy of Byron Capital Markets would have an issue with these "valuations"......especially with a market cap as low as $45 milllion......but I'll take his target of $1.20/share, for now!
https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31694929&l=0&r=0&s=fro&t=LIST