Lithium Bank's (LB) business model is to increase the value of its projects and reduce risk so that developers/producers are attracted. The plan is to sell the assets soon (I expect 2025). In other words: they do not plan to become a producer. They are already in contact with big oil companies. They have already proven that the business model works: they sold the Estevan project (had not had any work done on it at the time of sale).
Therefore, we don't have to wait until the next decade and - if the plan is successful - CNQ will benefit from the sale. I expect LB's share price to be much higher when a sale is announced. CNQ will own at least 3,500,000 shares then.
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Mkt cap ! $20.95M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 3570 | 29.0¢ |
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Price($) | Vol. | No. |
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30.0¢ | 1624 | 1 |
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1 | 3570 | 0.290 |
1 | 36000 | 0.280 |
1 | 10000 | 0.270 |
1 | 2340 | 0.265 |
1 | 6000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 1624 | 1 |
0.310 | 39244 | 2 |
0.320 | 5097 | 1 |
0.340 | 7987 | 1 |
0.370 | 10750 | 2 |
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