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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

Comment by Qwerty54321on Mar 04, 2024 4:30pm
148 Views
Post# 35914262

RE:RE:RE:RE:RE:Pre-production junior resource companies.......

RE:RE:RE:RE:RE:Pre-production junior resource companies.......Thats clear. And thnx for the other estimates. We could probably do with a presentation to clarify the nature of the JV. There is clear far more to the value of this deal than just the 25mil. I got no problem with the present management but do people expect significant input from Mitsubishi on the day-to-day stuff of the project or does this remain mostly the present teams project to manage? Mitsubishi guy on FLs board?
Buffalo1956 wrote: They paid $25M for a 7.5% interest of a joint venture that is just the PAK project, not the entire Electric Avenue and not in shares of FL . The next 17.5% portion will cost them 17.5% of the FULL value of the DFS , no matter what the stock price is . Ex: 17.5% of a $2B DFS is $350M regardless of stock price . Plus they still have to pay 25% of the total cost of the project and help arrange funding to completion . Have never heard of any management team from any junior resource company achieve a deal like this . Maybe all the naysayers are right and we should replace the current management team and the entire board .!!!!!!!!!!!!!!!!! Now we can all just sit back and watch how a real company is built .


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