RE:RE:RE:RE:RE:ETL no longer most shorted stock in all of CanadaI think E3's stock is undervalued. Just using rough figures and the late 2020 PEA, the NPV of $ 820 US
and say 80,000 shares at end of next year, and given that E3 says they have already raised enough money to cover 2024 expenses, the value of the new commercial plant should be approx $ 13 Canadian per share. In 2024, E3 will de-risk the operation by continuing to run the pilot plant, do additional drilling/testing to bring 'inferred' parts of the Leduc field to 'measured' and do a comprehensive economic analysis of the planned commercial plant. There will be nothing left to do in 2025 but build the plant and rake in the money. The main issue in my mind to improve the present share price is to tune the pilot plant to produce numbers that match or exceed KPI's.
The PEA was prepared 3 years ago and needs adjustment; so the above is just ball park estimates.