Dogger - Objective Reasoning About PMET valuation high and current valuation. Look, nearly everyone on this forum indicated PMET was overvalued, so, I believed you and naturally, the price needed to fall back from its near $20 highs, as per consensus on this forum.
However, with Frontier Lithium, it is actually quite shameful, the progress timeline and share price not coming anywhere close to fair and typical value which was probably where Katie Lachapelle had the project reasonably valued.
Lachapelle told FL what needed to be done next (if FL was listening to her closely).
Her direction, similar to my message (focus on operations), and the obstacles to operations, then a potential re-rating of FL.
Perhaps Hooper and Kline prediction of around high $7's was a bit of a stretch, but not really, if you really considered what FL was/is discovering, that is, if Frontier took the motivated and experienced steps and moved at the appropriate pace that Hooper and Kline would have done, given this incredible string of Lithium deposits (I believe Kline utilized the expression, Frontier moving at a tortoise pace).
That is why I say (and the seasoned industry experts are also saying it), how could one screw up so badly??? I actually get tired of hearing it when it was obvious what needs to be done.
For Frontier to lose $200-Million and then another $100-Million in market capitalization in a year when the Company didn't come anywhere close to a reasonable market value in the first place as analyst and investor consensus domestically and abroad had anticipated, thus, given the metrics of FL's Lithium finds from surface to depth and everywhere in between, it is actually quite shameful performance.
Had Frontier Lithium measured up to price target expectations in the $5 to $8 range and then subsequently experienced a $300 to $500-Million market cap pullback, I think investors would be more understandable of the situation.
The reasons for not realizing full market opportunity have been outlined.....enough said.......
Anyway Dogger, this is simply objective reasoning of FL's shortcomings.
Condemnation drilling (or ground sterilization drilling), a positive task out of the way, clears the way for plant infrastructure location.
However, is FL now reverting back to exploration work, the company's comfort zone, exploration not operations.
Now drilling into the lower grade Lithium sections, relatively near surface. However, in close proximity to the planned operational infrastructure which could be useful feed at the beginning of operation circuit optimization.
Time will tell if recent hires can alter the course of meaningful progress into operations.
If all it costs FL investors is stock options, it could be worth a try.
In fact, if the Corporate Dev guy can bring about an agreement with Volkswagen similar to the deal structure of General Motors & LAC, something that is meaningful to FL over a multi-year, Lithium supply duration including capital (capex) to get moving on Lithium operations, then go one step further and toss in a performance metric compensation package.