Post by
lithomon on Dec 01, 2021 9:33am
Chewed Up A Ton of stock in the $2 price range
A bullish streak in the general stock market likely sends FL north of $2.25.
Another stock I own, Global Atomic Uranium (GLO) moved almost identical to the trajectory that Frontier price is now moving.
Any significant resistance likely doesn't happen until just slightly under $3.
Both companies operate quite similarly......the KISS Rule......keeping things simple, basic, somewhat old school mining & aiming for fast-track profitability (for instance, GLO earns $3+ Million per quarter and shortly to begin on developing a new, higher grade Uranium mine).
Following this script is what generated in the hayday very serious & long lasting mining companies that were developed, built, and operated without undue dilution.
There is massive Lithium value on and in the ground & I anticipate Frontier will continue to very carefully place each hole for maximum value impact.
Marshall & others have summed things up quite accurately with respect to Frontier's upticking.
Highly unlikely Frontier is seeking any partnership, especially at this share price.
However, at the current Lithium carbonate price around $31,500/ton, no doubt, larger & larger companies are becoming aware of Frontier's higher grade - high purity Lithium deposits and it gets progressively more difficult to prevent a large mining producer or large Lithium developer from buying-into Frontier on the open market and securing a stake in the supply side of the emerging new energy economy.
Hence, the daily volume is getting larger????