SEI clearly undervalued compared to TGN

for those interested in tungsten stocks, thought I would compare TGN with SEI​

TGN MC 270 million​

cash 15 million​

resource - 87 million tonnes @ 0.018% wo​

looking to be in production late 2018 and they have​

MoU signed with Xiamen Tungsten Co., Ltd in early November 2017 -strategic alliance with major Chinese tungsten producer.​

SEI MC 15 million​

cash 2 million​

resource 47 million tonnes @0.13% wo​

NPV of 161 million​

pay back period 1.5 years​

10 year mine life, low strip ratio​

all environment, bonds, permits and technical work completed with 2012 jorc ​

possibly cash flow soon ( mid march) with possibly MOU signed with off take partner​

so SEI has about half the resources if you multiply their existing MC by two you get a MC of around 30 million compared to TGN.​

as you can see SEI resource is significantly undervalued here compared to TGN​

here is the break down​

SEI MC​

15 million x by 18 times = 270 million​

currently TGN is valued at 18 times SEI yet only has twice the size deposit?​