BFE must be one of those very few significantly undervalued...

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.