Thougts - RM over Canada Lithium Read an article in the Investors Digest that a couple of bay street guys raised their targerst on Canada Lithium. They are going into production on a hard rock operation in Quebec by the end of this year. So it is an exciting time for their company and no doubt that they should be able to sell their products.
They have some 300million plus shares on the market at these levels places the company at around 225million market cap. There NPV is around 330million from the project.
Rodinia has a current market cap of around 17million with a NPV of around 1Billion. I understand that we are waiting on Feasibility study, which will bring an off take partner or a complete takeover all together, but the market at these price levels is giving the stock nor company any credit what so ever.
I just cant get my head around the current valuation of this stock. Its mine blowing. I am holding on to the thought that FS will firm up +/-10percent what the amount of resources we have.
Thinking that it should fly to around .80-1buck which would give us approx 10% of NPV of the Argentina salar which doesnt represent any value for Clayton Valley, NV.
ReduceCo2