Agreement With Kores Sends Frontier Shares Soaring

MineWeb reported the confirmation of a definitive agreement between Frontier Rare Earths and Korean state mining and natural resource company, causing shares of Frontier to soar.

As quoted in the report:

And today the price for that initial 10-percent stake was made explicit for the first time: C$23.8 million. In rough terms, that, of course, implies a total value for Frontier north of C$200 million dollars, a far cry from the C$40-million-odd market cap it has been trading near for the better part of two months.

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