I thought it odd that despite Canada Lithium's exposure on BNN and being so close to production their share price has languished.
However if you work out a fair market value by dividing the NPV by number of shares - there is no upside to their stock........unlike NMX and CRE's.
I used the NPV numbers from James West's recent article.
CLQ - 227M/341.3M = $0.66 (present SP $0.70)
NMX - 130M/101.9M = $1.27 (present SP $0.45)
CRE - 488M/110.8M = $4.40 (present SP $0.21)
According to Ron MacDonald the NPV could actually be $1.08 billion.
CRE - 1.08B/110.8M = $9.74
This probably does not include the other resources at the Rose.
Good that they are striving not to dilute the share base.
Have a good weekend everyone.