RE:A very conservative NAV valuation for CNC.Good numbers apapas. $2.2 billion sounds like a lot, but in the big picture of each EV or battery maker getting $13 billion or more it's a drop in the bucket to make the whole supply chain function.
I'd reckon that an extra billion or so would get you the other properties for expansion purposes for the next 100 years pushing us into the $20's range.
What's an extra billion if the govenments of Canada and the US as well as OEM's are paying for half to two thirds the construction costs plus all the carbon credits.
It's a once in a generational opportunity for the majors to ever get this much free cash from the governments in this new isolationist from Indo/China enviroment. Voiseys2 bidding war in the future IMHO.