Post by
lithomon on Jan 20, 2023 1:10pm
Quicksand
Unfortunately, yep, I think that one word mostly describes FL's shortcomings, despite the most unbelievable Lithium finds in North America and likely globally and situated in one of Canada's most profit producing mining region.
Joe Lowry and Ken Brinsdon and now Osisko Mining heavyweights bring a ton of credibility to the PMET Lithium discoveries and the share price and market cap have appropriately responded from the pennies price range in a short time span of a couple years to now exceeding value in the $Billion(s).
Although there appears to be varying numbers on PMET's "actual" shares outstanding, the market capitalization is thought to be somewhere in the range of $1B to $2-Billion with "permitting" underway and successful metallurgy completed.
I do believe the RBC numbers are accurate at slightly under 100 million shares outstanding plus warrants & options. A ton of warrants will now get converted to shares and the PMET treasury will load up on cash, especially at double digit financing prices. PMET can now proceed to raise $50-million on minimal share dilution. 5 million shares is negligible to bring $50-million into the treasury for next big development steps to proceed on the fast-track.
As Lowry indicated in a recent podcast, Frontier has been working at this Lithium development for YEARRRS!!!!!
The "tone" of Lowry's comment was something to the effect, do you really think FL is ever going to get anywhere close to putting a shovel in the ground and turning over the sod.
That's the impression takeaway I got from Lowry's comment.
Been hearing talk, talk, talk of FL's ongoing pre-feasibility for YEARRRS!!!!
It would appear fatigued FL investors are beginning to question whether FL actually has the capacity in a timely manner to bring the Company to a position of engineering, procurement, construction & management.
PMET Curently over $10 a share right now, with day high of $10.20.
Comment by
Kiwi11 on Jan 20, 2023 3:45pm
I actually thought he enjoyed having a bash in the hope of getting a few cheapies.
Comment by
Margin321 on Jan 23, 2023 11:47am
... it is bore, not boar. And lithomon is neither.
Comment by
Feedmeinfo on Jan 23, 2023 2:15pm
Thank You Margin321 for correcting the spelling , but we're sure not on the same thinking wave regarding lithomon. FL will be KING.