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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

Bullboard Posts
Comment by paloyanon Sep 20, 2003 8:00am
193 Views
Post# 6438695

RE: HLM...TAKEOVER OR MERGER?

RE: HLM...TAKEOVER OR MERGER?Typically, companies with established gold resources can sell at a price range from $50-$100 US for each ounce of gold. If you take a million ounces, say at $50, the market cap of HLM could be US $50,000,000. Divide that by 16.8 million shares outstanding, and you could have a value of about US $3. This assumes a takeover of the company. Anyway, a million ounce should give us 5-10 X move on the stock from these levels. In the 1997 it did sell for C$3.50, just based on the gold properties. Here is the chart if you want to check it out. https://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=ca%3Ahlm&time=&freq= Dan
Bullboard Posts