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Canadian Premium Sand Inc CLMPF


Primary Symbol: V.CPS

Canadian Premium Sand Inc. is a Canada-based company, which is developing manufacturing capacity for ultra-high-clarity patterned solar glass through the Company-owned facility to be located in Selkirk, Manitoba. The facility utilizes low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is engaged in the process of raising sufficient capital for construction and operation. The Company has 41 contiguous quarry leases located approximately 160 kilometers north of Winnipeg, Manitoba (the Wanipigow Sand Quarry).


TSXV:CPS - Post by User

Comment by SmilingDogon Oct 10, 2023 12:35pm
93 Views
Post# 35677233

RE:RE:Facts please

RE:RE:Facts pleaseFurther, I also find comfort in appreciating what JUST the silica resource is worth. There aren't any silica resource stocks on the TSXV, but there are several on the ASX that are trading at much higher valuations. DRX at $90M, VRX at $60M. These resources are of similar quality to CPS but are still years behind where CPS is, don't have the downstream value-added glass manufacturing opportunity (although they are all vocal about wanting it), and have far lower scarcity value in Australia vs North America. 

So pure stripped-down comp analysis shows just CPS's fully permitted silica resource alone is worth multiples of its current valuation. 
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