Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s): FMST

Metals & Mining Industrial Metals & Minerals

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.

CSE:FAT - Post by User

Foremost Clean Energy Ltd

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Comment by Anonxmason Apr 07, 2018 3:22pm

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Post# 27847910

RE:RE:RE:Result analysis

Remember also, lithium stocks took a big dump in SP. I would expect NMX and others to double from here this year with no fundamental changes in each company.

praesens1 wrote: Can't get excited about this NMX comparison.

NMX shareprice is 1.37 dollar, sharecount is 400m, marketcap is roughly 550m dollar.
Their ton of rock containing 1.3/1.5% Li is roughly 44m.
Makes a valuation per 1 million ton of rock of 12.5m dollar.

So FAT would need 8m ton (proven!! not estimated) x 12.5m dollar per ton for "only" 100m marketcap = 1 dollar shareprice with its sharecount of 100m.

8m ton maybe proven by October ...
Really hope this calculation is missing something ...
Would be disappointing seeing 1 dollar the earliest in fall - even with more proven tonnage (which I think) and higher shareprice we would be clearly below 1 dollar until then ...