Frontier Lithium Inc LITOF

Primary Symbol: V.FL

Metals & Mining Industrial Metals & Minerals

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.

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Frontier Lithium Inc > CG analyst “largely negative”

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Comment by qwerty22on Jun 02, 2023 2:49pm

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Post# 35477481

RE:RE:CG analyst “largely negative”

So the "negatives" she talks about are industry wide stuff (inflation etc) and yet she can have a price target on PMET of 16 bucks! Erm!!! Presumably they've got logic tied up in a cupboard somewhere.

qwerty22 wrote:
Maybe managements conservative approach to the numbers has bitten them in the proverbial. Seems like this analyst is looking at the bottom line and concluding from that alone.

qwerty22 wrote: See any more?

In response to the release of the results of a Pre-Feasibility Study for the PAK Lithium Project, Canaccord Genuity’s Katie Lachapelle cut her Frontier Lithium Inc. (FL-X) target to $4, below the $4.08 average, from $4.50 with a “speculative buy” recommendation. “The PFS results were largely negative relative to our forecasts and the PEA, with both capital and operating costs up materially (but offset by higher pricing),” she said. “In our view, this was not surprising, given recent inflationary pressures we’ve seen across the industry (e.g., Thacker Pass, Kathleen Valley, etc.); and overall, we think the updated technical report outlines a more realistic operational and financial outcome for Frontier. “Furthermore, the project still presents robust operating margins (approximately 65 per cent) on our long-term price deck and Frontier continues to screen cheap vs. other North American developer peers (0.53 times NAV vs. peers at 0.62 times). An update on the road infrastructure will be a critical next update for the company, in our view.”