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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

Frontier Lithium Inc. is engaged in the acquisition, exploration and development of lithium mineral properties in Ontario, Canada. The Company is engaged in a pre-production business with a focus to be a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the electric vehicle and energy storage markets in North America. The Company’s flagship asset, PAK Lithium Project, located about 175 kilometers (km) north of Red Lake, Ontario in the Red Lake Mining District and encompasses close to 27,000 hectares (ha). It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 km northwest of the PAK deposit within the project claims. Its lithium products include spodumene concentrate and lithium hydroxide monohydrate.


TSXV:FL - Post by User

Post by Buffalo1956on Oct 21, 2022 9:42pm
261 Views
Post# 35040476

THIS NON FLOW THROUGH FINANCING

THIS NON FLOW THROUGH FINANCING The last non flow through financing was in March of 2021 for $7.6 million. That money has to cover ALL costs EXCEPT for direct exploration cost . The other costs include ALL corporate overhead expenses (salaries, offices , travel expenses ) , ALL mine site expenses , ALL site development expenses ( roads , power lines for about 4 kilometers and all other infrastructure) and ALL PFS , DFS expenses ( lab test work , engineering firms , environmental studies , piloting studies, chemical studies ) , If those costs are about $400,000 per month then the $7.6 million is gone and the current non flow cash balance is the same as it was then and spending is only accelerating . The total balance at the end of September was $13.5 million which has to be mostly flow through money ( $8 or $9 million ) . Also we are headed towards a severe recession that could last for 12 to 18 months . Rick and his company Consbec have been through many recessions and survived them all . No one knows more about the current financial situation and holds more shares than Rick . So give me a break with all the second guessing and whining about what he is doing and just say thank you when he makes you very , very rich . I still think teaming up with RBC and Goldman Sachs is genius. They will promote and take the stock price higher than any other partner . 
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