RE:RE:RE:RE:RE:RE:Buffett's BYD to Manufacturer EV's in OntarioMy understanding is the company has been around for a while - some of the key shareholders are the same.
I wouldn't go back in history to examine too much - unless it was a credibility issue.
My understanding it is in reputable shareholders / management hands. The industry fundamentals are solid in a growth industry and it is in the process of proving out resources - which could be expanded more.
Its has a low market cap that has likely gotten ahead of itself - although I am not sure how - definitely not much pumping if any. Do not see any one including the company doing much promotion of its story.
Key for me is understanding the capex required to get to cashflow, when will it drill to expand resources and most important of all - proving it can get an offtake partner.
Time is of the essence with the juniors - FL needs to get a postive PEA by Christmas and just as critical - show a roadmap forward. Timing of definitive feasibility, planned resource drilling (current drilling is not for resource expansion), and let us know they are planning discussions with offtake partners based on their product test.
Lots of juniors out there right now - so traction is key. Betting on alignment of interest with managemnet, resources to date, and Canadian jursidiction.
GLTA