Mercedes locks-in 1.5 Billion Euro Lithium Deal - RCKYes Blaggers, it is odd. A share price meltdown for Frontier Lithium in recent weeks and this week after teaming up with Goldman Sachs and Royal Bank on funding agreement.
And one drill hole after the next intersecting 1,000 foot sections of continuous high grade Lithium upwards to 3% Lithium from about 1 mining bench below surface and downwards, and of course, open at depth and in ALL Directions, Multiple Lithium deposits across miles & miles & miles of Lithium elephant terrain.
It's bizarre (somewhat laughable), probably unheard of in the history of the Canadian Mining Industry to have these deposit discoveries of this consistent high grade and the share price keeps sinking & sinking & sinking.
Not overly concerned because I know with these deposits, Jon Evans will just write a cheque in the not-too-distant future to acquire the outstanding shares of FL when the timing is right for LAC and that gives LAC, 1 producing Lithium in Argentina, 1 construction to production in Nevada and a Group of area high grade Lithium deposits (Frontier Lithium) in Canada where LAC's well oiled development-construction team can move up production on the Frontier Lithium deposits by several years from the currently planned production year of 2027 to 2029.
I say 2029, because with FL, if they are talking 2027, you may as well add at least 2 years.
For instance, FL is talking 2 years for a Bankable Feasibility Study......that's absurd.
Evans & LAC's team will have the Frontier deposits operational by 2025 at the latest.
So, geopolitically, LAC will be well diversified across the Lithium globe.
Like I say, it's a bit of a joke right now where FL share price is at.
I think many know what is lacking, but most are too gracious to mention it.
As Blaggers commented,
"You'd think this news would be bullish for Canadian Lithium companies but many are down (FL and PMET especially). Odd".