RE:RE:Tesla Perpetually Moving Higher, FL Lithium ProducerThe bottom line in any transaction is what you are getting for what you pay. When you look at the mining companies out there with $25M market cap, you don't get much. Anyone with a reasonable defined deposit with economic potential trades in the $50-75M range, and anyone with a viable development plan is more around the $75-125M range. Even if you don't believe the Frontier development plan, the deposit itself should be supporting a price at the 30-45 cent range, meaning that the relative risk at 15 cents is not high. The only exception to this is if the project has a fatal flaw, or if dilution is large enough to drive reverse stock splits, neither of which is the case.
It is not surprising that people get tired and ditch things, especially if they bought in early 2018 when lithium was a "hot item" and are now demoralized and courting the latest craze. Best of luck to them. I find though that you usually make better money buying or holding things that nobody wants today but that many will want tomorrow. The continued expansion of the lithium market and the need for high quality feedstocks is not going to go away, so underpriced assets in this space are worth holding or accumulating.