It's good to see some coverage being initiated on the stock. Having a success-based valuation of 21 cents a share represents a 15x return on investment for anyone wanting to either get into the stock or top up from today's closing price of 1.4 cents.
The report makes mention of the keyseam technology being proven with the re-rating of CNX to come from catalysts such as government approvals, production milestones being reached in projects under licence and the award of new technology agreements.
For as good as 21 cents a share sounds in comparison to the current share price, I hope it ultimately proves to be a conservative figure given my relatively high cost base.
CNX Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
