Upward Trend - FLIs this the start of an Upward Trend for FL? Or just people shorting the stock? In the previous text Cormack recommends FL at 4.00$ a share - calculation was made at 17500$ US a ton the spot price is more than 50000$ US a ton it is more than 3X discounted for the Lithium Spot.
Let's not forget that we have other ressources not to be discounted in the caluculation that are needed to product Lithium Batteries.
Also, inn regards of the drilling program we have still left more thant 8000 meters to be done by end of september of this year.
This will bring up our infered reserve from 40 MM tons to........you number is as good as mine.....so lets not forget by Septembre 2022 FL will have drilled more than 30 000 meters of holes......
What is next :
- Pre feasibility study
- Possible intake or intakes agreements
- Update of the road and the powerline
- Project Permits
- Updated timline - hopefully operation by 2025
- Project financing
Lots of fun ahead!