Essar Energy, Shipping, Steel, Mining, Capital, etcExcluding oil, Essar of Mumbai has revenues of $15 Billion and Begins CONSTRUCTION of Lithium Refinery THIS YEAR (2022). So, Right you are, things do change.
Huge, Huge electric vehicle market for India & Essar has a good insight to source Lithium abundance and likely has its sight set on Frontier's massive Lithium resource.
A massive Capital Expenditure $500+ Million that Frontier Lithium does not have to incur, at this time.
Frontier Lithium now just needs to focus on constructing the Lithium & rare metals Mine, the Concentrator and the road. Surely, this can begin this SPRING!!!!
Clearly, with a massive Frontier abundance of readily available High Grade Lithium across Multiple & proven Lithium deposits in mining friendly & mining experienced Northern Ontario region, this is a significant development, as well to Frontier's valuation, closing at another NEW year high.
Nonetheless, FL still trading at the lower price range of the Rodney Hooper (RK Equity) $7.70 price target, however, Howard Klein of "RK" is quite confident the Frontier Lithium share price will continue its upward movement as the Lithium deficit (shortage) will continue as far as the eye can see.
A very reasonable Frontier Lithium price target considering the Lithium peers, Piedmont Lithium is pushing towards $100 a share (Canadian) and LAC approaching $50.