CAN cheap, but there's cheaperI'm a shareholder of both CAN and NES and while I can understand the frustration of some here after seeing Earle's price targets of over $6 a share and us trading at 25% of that value, there are still cheaper high-grade explorers out there. CAN was the market darling of 2010 and the market darling of 2011 has been NES which unfortunately for CAN blew their results out of the water. CAN's best hole of 17 m @ 23 g/t was unfortunately dwarfed by NES' hole of 317 m @ 5.8 g/t au. I'm not saying Canaco isn't cheap at these levels, I am a buyer myself below $1.90.. but an enterprise value of $310 M (assuming their $100 M in cash) is still more expensive than a high-grade find of more than double the grades and thickness in Mexico (NES). NES is currently being valued at $50 M less than CAN despite these drill results...317 m @ 5.8 g/t au, 282 m @ 1.40 g/t au, 119 m @ 3.76 g/t au, 116 m @ 4.71 g/t au, 120 m @ 4.60 g/t au, 190 m @ 3.52 g/t au, 112 m @ 2.51 g/t au.. NES's worst hole currently 52 m @ 6.9 g/t au is on par with CAN's top 3 holes to date. I'm not saying CAN isn't cheap here but for those going all in on CAN at these levels, it's worth it to shop around at the other high-grade explorers still trading at less value. No one here can possibly say CAN was worth $1.3 billion dollars when it traded over $6 so it's not the price it's fallen from but what price is fair value compared to other high-grade explorers in this market. If you're a true believer in CAN at these levels then NES is certainly worth a look being $50 million dollars cheaper.. $10.75 target price came out Friday for NES as well. NES also has better institutional following with 55 M shares (55%) held by institutions and over 40% of those by the Lundin Family.