However, that said, the 7:1 valuation ratio with Ardea should be a screaming anomaly for every person following this sector. All indicators are CLQ is the better project, their economics look better, especially in terms of scale and cost [to be confirmed by their upcoming DFS]. My own analysis concludes a 3.5:1 ratio is more rational, which to me means Ardea would need to double to realize a more reasonable relative valuation to CLQ. I expect ARRRF to hit 3 about the time CTEQF hits 2.
However, that said, the 7:1 valuation ratio with Ardea should be...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
