Just love this part of Ahead of the Herd Report.Its totally mind blowing but true if we get what V.LIX got per ton.
Lithium X’s insitu (in ground) value of $132 a tonne x 6,540,000 tonnes LCE = $863,280,000 divided by CYP outstanding shares fully diluted (osfd) of 79,000,000 = Cdn$10.92 per share.
In other words, based on the resources we now know are in the ground, Cypress Development Corp could be worth nearly 11 bucks a share. When trading was halted on Monday, Cypress was last changing hands at $0.37. Cypress’ stock has a long way to go to reach anywhere near it’s fair value in a buyout, so hold on, this is going to be a fun ride.