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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

Comment by Buffalo1956on Aug 10, 2023 2:43pm
197 Views
Post# 35582292

RE:RE:RE:RE:Wednesday Close at NEW Low Share Price

RE:RE:RE:RE:Wednesday Close at NEW Low Share PricePhase 1 will produce approximately 40,000 tons per year of technical grade Lithium worth $120 million  . 40,000 tons per year can ALL come out from the site on winter roads . The all season road DOES NOT have to be completed to proceed with and execute phase 1. That's approximately $120 million in revenue and $100 million of that is profit . $100 million profit is over $0.40 per share per year and with a PE ratio of 15 , this stock is worth $6.00USD ( $8.00 CDN ) per share with only phase 1 . Phase 2 and 3 is worth many multiples of phase 1 . I have never seen a no-brainer investment like this , EVER . The worst case scenario after phase 1 and with no all season road is a $8.00 CDN stock price and the best case scenario after the next phases and with the all season road is multiples of that. Don't know who is selling, but their ignorance of the details of their investments is why MOST people lose money in the stock market . 
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