Ann: December 2023 Quarterly Activities Report and Appendix 4C, page-11

I am in your boat, too. I share your opinion about SRL and CNQ and my average is about the same (37c). So hopefully our biggest problem in the future will be not to sell too early. I find it very difficult to estimate the future value of CNQ. The company compares itself (valuation) with CXL, current MC $326.53M. The latest Pitt Street Report (2022, hence outdated) valued CNQ approx. $90M. Our stake in Lithium Bank could be worth alone $25M or more. If other Lithium developers follow, which is likely imo, the value of Go2Lithium should contribute more and more to the valuation of CNQ. As you wrote, there are numerous other chances which could create further value. And the structure, which has been established (two JV + NematiQ), will make it quite easy to sell the entities if an offer comes in which cannot be ignored.
As written before, my "target" is a valuation of $50M - $100M by end of 2025.

Ironically the huge losses I made with other share prevent me to sell CNQ (too early). Fingers crossed for all of us.