RE:RE:RE:Know where you are on this graphI am glad NLC has their partner, and make a good progress on their project development.
We are fully financinced with 37M$, all we need now is to make positive progress with the Feasibility Study and BG product improvement, plus addition drilling to increase high grade resource and reserve.
CATL will bring their financing and off-take to NLC for their project development. CATL may also buy up to 50% project. CATL for sure will tell NLC what kind of purity of the BG product it requires. I am not sure how CATL will help NLC how to purify the BG product since CATL is an end user, not a producer.
Thanks Eric for bring up the graph, it is very typical for any mining company for its development cycle, and we are at the bottom of the cycle, and have a long way to go.
One of good example is LAC, LAC is about 2 years ahead of NLC, has a market cap of 820 Millins US $ = Can $ 1,190 Millins, and is over 10 times larger than NLC. LAC has 2 projects, one is in development and one is similar to NLC, going into development. So if you assume LAC is about 5 times bigger than NLC, then NLC will still be 5 bags within 2 years.
Good luck to all long!
tiger
RuudinFrance wrote:
Thanks Erik, good find (even if bloody well 5 years old).
When one looks at market cap for companies with PFS (15-20% of proposed NPV) I get to somewhere between 171 and 228 million dollars.
When I then look at our market cap of $91 million (today), I conclude that we are still tremendously undervalued.
Maybe the author doesn't know ............, but I doubt that ;-)
Have fun.