Buy 4.50$ - RecommendationCormark Securities inc recommendation : Buy - Target Price : 4.50$
We continue to like the intercepts being returned by Frontier which highlight the size and
grade of the Spark deposit. With the stock off 39% in the last 3 months, the stock is now
trading at 0.44x our fully funded NAV of C$4.50 at $17,500/t LiOH, well below spot pricing
of $50,500/t LiOH - FOB North America. We believe the current valuation is attractive for a
premium hard-rock development story in Ontario.