Strategic Partner Glencore Margin 321Very good points you mentioned. I believe that is one of the fundamental reasons Rodney Hooper of RK Equity has priced-in the $7.70 Frontier Lithium near term target price.
The $7.70 target price is based on definite technical fundamentals of Lithium in the ground (especially target price protected with the recent 1100 feet of "Continuous" High Grade Lithium drilled from surface to depth along with other functional battery metals byproducts of Rubidium + Niobium and all important electronics metal Tantalum).
As Glencore already has a full-fledged metals marketing and contract administration division, along with existing contracts and communications with Tesla, etc and likely soon to enter to fold will be General Motors, Ford, etc... with those respective companies massive multi Billion dollar budgets to construct numerous Lithium Battery plants and robotic EV manufacturing vehicle lines, the alignment Frontier Lithium has with Glencore (pilot processing plant) could significantly accelerate EV metals production at PAK & Spark and other potential new area deposits not yet fully drill tested.
So, the Rodney Hooper $7.70 target price is two-fold: based on proven fundamentals in the ground (drilling and "continuously" hitting high grade Lithium along with increasing grades of the other specialty battery metal byproducts), and the $7.70 price also is an indication of a beginning pre-amble price in the event the likes of a Glencore decide the Company wants to have a large ownership in these area Lithium mines that Frontier Lithium are growing in Northern Ontario in the mining progressive and mining experienced Red Lake region.