Solid Support Level Still Well Below RK Equity $7.70 TargetNonetheless, Lostchannel, $2.85 is a solid indication for a Lithium developer with the highest grade and greatest number of contained Lithium resources in Canada and possibly North America.
Frontier is an anticipated world class development on par with Australia's Greenbushes mining operation co-owned by Albemarle Chemical Manufacturing Company of USA and Tianqi Lithium of China.
The Management & Insiders continue to own approximately 25 to 30 percent of the Frontier outstanding shares, so, undoubtedly, with that degree of control it will be challenging for a larger Lithium developer/producer or large chemical company to gain effective ownership of Frontier Lithium via market transaction activity.
Clearly, it would have to be a friendly offer with significant "premium" attached to any proposed acquisition.
I think Rodney Hooper of RK Equity has clearly set the bar ($7.70 price target) where Frontier may consider having discussions of interest once the updated project economics have plugged-in the massive addition to Lithium resources (Indicated + Inferred) and the new "best fit price" for Lithium into Frontier's project economics model based on Lithium's current market price which has risen exponentially in recent months to US $35.30 per pound or US $77,360 per tonne or $97,475 per tonne Canadian on account of acute Lithium supply shortages as new EV production expands. And it's only just beginning..................