RE:FL filed PFS recently yet trades at a premium to CRE?Will be incorrect to compare apples to oranges so directly comparing CRE and FL is not the best way.
If you look at their market cap vs their NPV noted in the PFS you will see FL trades with a slight premium but then thisnis based on 1/3 of the identified resources. CRE has NO any other identified resources so potential for expansion is priced as ZERO by the market. However FL has already drilled and identified resources so market is giving some more value which is still far cry from what they have in the ground. So based on the resources FL has, Market is pricing them very low compared to CRE.