Other Ontario assets with certified resources
GT1 - 24MT at 100MM Market cap
Frontier - 60MT - 220MM market cap
At the moment, Ontario assets are around 4MM EV for each MT but this is extremely depressed valuations on a historical basis and there are “other” issues associated with the other 2 companies above a) Access road to the converter for Frontier is still not on the infrastructure plan for the state and b) Gt1 deposits being too deep with a much higher strip ratio and in 2 seperate deposits so will require two converters for 2 seperate operations. Take away is take the comparison above with a grain of salt.
not financial advice
Ann: Drilling success continues in New Zone at Falcon Lake, page-11
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