significantly undervalued lithium explorer

BFE must be one of those very few significantly undervalued lithium explorers when comparing its performance to other lithium explorers.

BFE got a market cap of 14M$ @ 13.5c /share and 5.5 M$ in cash. Thus, the enterprice value is around 8.5 M$ for the Lithium asset in Namibia and the gold asset in the Albany Fraser region.

Imho, that is a very conservative valuation as the Karibib lithium prospect provides us with a trackrecord of proven lithium production and just lacked the utilisation of modern exploration.
As there are lots of lithium outcroppings BFE will probably be able to delineate a viable lithium resource at shallow depth which we'll be able to mine via open pit mining.

So considering the tight share registry and only 109 M shares on issue there must be some significant upside in this stock. The stock's potential will unfold over the upcoming 2-6 months and we'll be in for some nice double- tripple bagger potential if they find some decent lithium.

All the best to holders.