May. 1 at 5:23 PM
$LITOF No Bounce on this deck, but... Frontier Lithium @FrontierLithium
$FL.V
$LITOF is undervalued, in fact I believe it's way undervalued. But, why do I say that? Simple...
++ It's backed by not one but two significant groups @panasonic & @mitsubishicorp. Therefore, funding Frontier's PAK #lithium project should be in good hands (even as equity dilution is a necessary evil).
++ PAK used just US
$1,475/tonne for #spodumene concentrate in its BFS. The current price is over
$2,500/t. At spot prices, the post-tax NPV is ~C
$2.2B (assuming no changes in op-ex, cap-ex or FX rate), and the IRR is in the high 20s percent.
++ That means Frontier is valued at just ~6-7% of post-tax NPV, absurdly low for a BFS/DFS project in #Ontario #Canada. In my view, Canada is better (or much better) than Li projects in #Brazil, #Australia and in most countries of #Africa. https://x.com/peterepstein2/status/2050229115458920848?s=46&t=o0PW7YMLUH_f6wpdaARR7A