Post by
lithomon on Mar 22, 2023 12:53pm
Katie Lachapelle $5.25 Price Target
When prompted by Howard Klein during the 3-way discussion, Lachapelle reiterated her $5.25 price target on FL and she further went on to comment that FL shares are currently trading at only a fraction of that value.
As Ridethewinners (RTW) would summarize the reason for this share price disconnect and steep discount, considering the size & high grade of these multiple Lithium discoveries of 60-Million Tonnes with runway to 100-Million Tonnes that keeps Growing & Growing & Growing (Howard Klein's & Katie's description), RTW would comment, "that is on management".
Without hesitation, there is clear consensus that Frontier Lithium has been slow as molasses over the decade in the operational development of what is going to be the largest Lithium resource in Canada (per Lachapelle's assessment/comment of FL's resource size).
As commented in interview, the next step (or as I would prefer to hear, "the next task" in a series of next steps) is Bridge and Road as commented in interview which are "fully permitted" and await funding. That remains to be the Lithium development Hold-up where Frontier Lithium has been slow to "influence" the accelerated pace.
On the other hand, as an individual who gives credit where credit is due, Frontier Lithium has done a good job in Risk Management which is an important fundamental to current shareholders interests or to potential investors just learning about FL's world class Lithium resource inventory that is not broadly known (Klein's description) considering the quality and size of Lithium resources that FL is proving up.
As the world has witnessed in recent days the blatent failure in Risk Management within the Credit Suisse organization and its eventual fall, thus, to date, Frontier Lithium has been mindful of Risk Management to the family and extended family holdings and minority shareholding interests.
Comment by
Feedmeinfo on Mar 23, 2023 11:31am
DoggerJT, thank you, i totally agree with your response to Lithomon unsupported statements.