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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

"Frontier Lithium Inc is a Canada-based mining exploration company engaged in acquisition, exploration, and development of mining properties. It focuses on elements like lithium, tantalum, rubidium, and cesium by exploring for lithium, cesium and tantalum classified pegmatites. Geographically it operates in one segment, Canada. Its main project is the PAK lithium project."


TSXV:FL - Post by User

Post by Margin321on Jan 04, 2024 10:46am
192 Views
Post# 35810427

Whoever writes RHC press releases drives me nuts

Whoever writes RHC press releases drives me nuts1. The headline says "AS THE COMPANY  PREPARES TO DELIVER ADDITIONAL TRAILERS".  What that means is the next trailer has not been sent after 15 days and that the purification processes are still slow, not operating up to specs, and are being tweaked.

2. They state that the plant "is capable of producing up to 22,000,000 poundsof commercial CO2".
Commercial CO2 is not the same as food grade CO2 they have been touting all year.  And "up to" leaves a lot of leeway.

What the announcement really says is that the last minute costs on the facility have added an extra $3 million to facility costs requiring a further increase  in bank debt which has high interest and adds further to ongoing expenses.

These are relatively minor points but they could do this better.  Of curse they are preparing to deliver additional trailers of helium. The plan is to deliver 22,000 MCF per year.  They have talked about 22 million pound of food grade CO2 at 50 cents a pound or 11 million a year.  Let's watch and see how that plays out.
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