an NPV greater > $200m is better than CLQ?

Like for Like with CLQ should COB project in PFS NPV>$200m?? to maintain current share price

as an old mining Geo - I’ve been watching the various players in the Cobalt market closely
I read the entire report put out by CLEAN TEQ (yes I’m retired
Thought I’d highlight a few differences to help me understand if any NPV > $200m would be good for COB compared to CLQ

-Cobalt Blue vs - Clean Teq

1.Pure Play Cobalt 1.Various metals so Dependent on Nickel price
2.Only PFS so COB BFS 2.At their DFS (= BFS)
should be better after
another 12 months drilling
3 Market cap=$ 95m 3.Market cap=$800m
4.expected NPV ? any thing great 4. NPV $1.8b
than >$200m =2.2times
COB % NPV to MarketCap CLQ % NPV to MarketCap =2.2 times