I have looked into Neo Lithium Projects and discovered that we are AGAIN under valued compared to them too.
Neolithium Lithium (Hard Rock) CRE (Hard Rock)
Production 20 000 TPA LCE 29 000 TPA LCE
Life of Mine 35 years 17 years (expandable)
Start commercial production
2023 2022
Market Cap (13 M shares fully diluted +) 201 M FD
405M$ 270 M$
Initial CAPEX 400 M$ CDN 341 M$ CDN
NPV (8%) after-tax 726M$CDN
to 1 400 M$CDN
LCE price used for FS LCE price
11 882 $ 10 000 $
Neo Lithium has the lowest impurities for a Brine project. They still have to do a DFS and obtain permits.
We should be IMO worth about the same as NLC - meaning 2$ per share for CRE. If we take Prodution (29k vs 20k), valuation of 2.70-3.00$ for CRE.