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Bullboard - Stock Discussion Forum African Energy Metals Inc V.CUCO.H

Alternate Symbol(s):  NDENF

African Energy Metals Inc. is a Canada-based company. The Company is engaged in the acquisition, exploration, and development of mineral resources.

TSXV:CUCO.H - Post Discussion

African Energy Metals Inc > CUCO undervalued compared to peers
View:
Post by StockHawk1 on Nov 30, 2022 5:41pm

CUCO undervalued compared to peers

AVZ Minerals' (AVZ) Roche Dure lithium project in the DCR's Manono region is estimated to contain 400 million tons grading 1.65% Li2O


African Energy Metals' (CUCO.v NDENF) controls a 170 kms² advanced-stage small mining permit in the prolific earlier this year which is on the same trend as Roche Dure.


A defined pegmatite corridor is thought to run from the Roche Dure deposit through a Tantalex (TTX) concession to CUCO's project. 


Considering that TTX is valued at >$50M  and AVZ is valued in the Billions, I think CUCO could be an undervalued play in the area with an MC of only $4.652M


More info here: 

https://ca.finance.yahoo.com/news/african-energy-metals-expands-land-113000267.html

 
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