The Fundamentals! There is nothing other than market forces pressuring Frontier’s share price.
What are the fundamentals?
- Best lithium resource
- Best jurisdiction
Globally, there is no change in approach on how to deal with climate, reducing greenhouse gas, electrification of transportation and energy independence trends. All points to strong commodities in the medium to long term.
Tesla’s Gigafactory 1 in Nevada was a watershed event in 2014/15. It prompted Goldman Sachs to call lithium the new gasoline in December 2015 . Lithium boomed from 2015-to-2017. Elon Musk has often dismissed lithium. The “salt on the salad” of battery materials. But in Tesla’s Q1 conference call on April 20, he and Drew Baglino mentioned the word lithium a full 27 times. Compared to nickel 4 times, iron twice and graphite once. That’s a pretty salty salad.
‘”Lithium, is the new software. Do you like minting money? Well, the lithium business is for you.” E. Musk