FL Bottomed, you think?? Even at this price Rinny, I hesitate to crawl back-in. I do not see the right hands-on experience that knows what next move to make to move the Company into some degree of production.
It is obvious Frontier Lithium is deficient in 'hands-on" operations experience.
The Company has now reached the juncture where all hands on deck should be thinking "operations" 24-7 and only thinking how to get into "production".
FL cannot get past the "how" which illustrates the deficiency in hands-on, operations people.
Sure, over the course of a year or two, a bunch of PhD's and MBA's have been hired and the declining share price has closely tracked those hirings. Hence, progress has stalled out. Four months to drill a few exploratory holes and "sterilization" holes to ensure the ground is not economic where the processing facilities are to be constructed.
Fortunately, only low grade Lithium was intersected (~ 0.7 to 0.9 percent Lithium Oxide).
At least, an area of lower grade Lithium has been discovered relatively near surface which can be opened up to have lower grade Lithium ores initially fed through the processing circuits to allow for plant optimization and operator training in the first few months of production operations before the PAK high grade Lithium "ores" begin getting passed through the processing circuits.
Thursday's low grade Lithium news and plans of further exploratory work in this area is a clear indication that Frontier in hung up on making that mindset shift to focus on developing the plan to construction and production (once again, deficient in that particular "operations" experience within the company). So, the company is back peddling to a task where there is a comfort zone, namely exploration work.
Frontier cannot make the leap to an operational mindset, and not just "talking" about it, actually doing it. This type of exploratory work is typically done once into operations. Sufficient higher grade Lithium "ores" has already been outlined over the past decade to get production "operations" underway.
Again, the Company has reached the point where a mining operational CEO is required as opposed to one that is continually trying to learn how to accomplish these functions which is beginning to take decades for this learning curve to be accomplished.
If FL doesn't know how to find one then the alternative is for a Lithium developer who currently has one, to acquire Frontier or the Lithium assets of Frontier Lithium (e.g., perhaps the likes of PMET or LAC).
Just my take on things, from someone who has been around the block a few times in operations development.
I guess, pay your money, take your chances at the current FL share price level.