Frontier Lithium Inc V.FL

What a hit!

[MightyPoPo]

more great results...now we know why she was moving up past few days..nice to see they released before market open rather than after close (which they have done past few releases)

FRONTIER INTERSECTS 357.5m OF HIGH-GRADE LITHIUM AVERAGING 1.63% Li2O OVER A HORIZONTAL DISTANCE OF 110 METRES AND REMAINS OPEN

https://www.newswire.ca/news-releases/frontier-intersects-357-5m-of-high-grade-lithium-averaging-1-63-li2o-over-a-horizontal-distance-of-110-metres-and-remains-open-810526232.html

[qwerty22]

What do you think? Are they going to keep releasing data every month or so? Nice strategy to keep a bit of fire under the SP until the PFS?

[qwerty22]

I got another question. If the last report gave a NPV close to 1 bil then what can we expect from the PFS?

[Buffalo1956]

Trevor has already publicly said that just moving the lithium price up a little ( still way below current pricing ) would double the PEA net present value. Also the tons will at least double with this drill program. So very conservatively , I am expecting a $4 billion NPV when the pre feasibility is announced. Generally the stock market values PEA at 30% of NPV and values PFS at 40% of NPV . So 40

[Buffalo1956]

They have released less than 3000 meters of their 15,000 meter program , pretty sure results will be announced every 3 or 4 weeks until the PFS is out

[qwerty22]

"....... was ended in mafic volcanics due to PFS time constraints requiring quick turn-around of analysis." Again, I like the fact they keep adding a line like this. Shows the priority. We have to think the PFS is going to come out on time. A crude (and likely inaccurate) guesstimate might be 16 more holes over the next 12-16 weeks  and then PFS. Some time in November