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Bullboard - Stock Discussion Forum 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... see more

TSXV:FL - Post Discussion

Frontier Lithium Inc > Pak remains highly profitable
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Post by Mookster3 on Feb 15, 2024 7:47am

Pak remains highly profitable

After yesterday’s blowout, it’s perhaps time to step back and revisit the Pak project economics.  Chart below shows that Phase I mining of the higher-grade Pak pegmatite (10 mmt @ 2.0 % Li2O) remains highly profitable even at today’s abysmal concentrate price of US$ 938/t @ 6 % Li2O (C$1250/t). What’s more, this analysis is conservative because the Pak pegmatite will generate technical grade, rather than chemical grade concentrate and will be North American-sourced and will thus fetch premium pricing.
        FL
Pak Phase I
Deposit size mmt   10 mmt
 Grade % Li2O  2.0%
 Recovered Grade %  1.5%
Recovered Ore value C$/t  $312/t
 OPEX  C$/t1    $82/t
   
Operating profit C$/t milled  $230/t
Operating profit  C$/annum
 (@ 0.4 mmt/a milled)2
 $92 mm
   
Concentrate (6% Li2O) C$/t  $1250/t
   
  1. From May 2023 PFS;
  2. From Nov 2023 feasibility study update for Phase I
Comment by RAFFL007 on Feb 15, 2024 8:15am
Fundamentals are there FL will be a highly profitable operation.....but why the blowout? For the past 6 months we've been down 63 % the worst in the class except for Lithium America 74 % and Piedmont with 69%. But here were not talking about the same high quality in purety and quantity! Fundamentals are ther for FL......is there someone interested for a cheap buy!
Comment by sfct1978 on Feb 15, 2024 8:24am
I concur Mookster.  I believe the further/recent stock price erosion is due to the reports of winter roads not holding up due to global warming and the governments' lack of an announcement on funding the Berens river bridge and roads (which we've been on for months/years). However, I THINK the roads to/from the FL site are currently usable and further away from the "global ...more  
Comment by RAFFL007 on Feb 15, 2024 8:27am
Ur not the only one......what are we missing ?
Comment by Tiger131 on Feb 15, 2024 10:22am
Couldn't agree more, I remain positive and try to ignore the fluctuations and the current drop in price but my goodness... If the family and Board are so commited to this project I would expect them to be purchasing shares to display confidence in the project and company as a whole or at least to provide shareholders some reassurance. The communication from Trevor and the Board is pathetic and ...more  
Comment by diabase1 on Feb 15, 2024 11:03am
I agree. They are pathetic!!
Comment by m73hx454 on Feb 16, 2024 11:33am
what's the result if you apply a realistic WACC?
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