It always intrigues me that since CLL is now producing, the valuation discussion is almost exclusively confined to estimates of when various production leveled may or may not be reached.
The SP is then projected based exclusively on production.
It seems that is is a penalty in valuation for them to be in production.
So many of their peers are years from ever producing a single barrel, if ever, and enjoy greater market acceptance based on their claims of how much oil they "might" be able to produce.
UTS, BQI and even PBG exhibit this valuation phenomenon relative to CLL.
Is there any particular reason that even in the CLL specific discussions here, the potential value of the remaining 90% of the Great Divide hoding is pretty much ignored?
They would probably have a greater market cap if they hadn't even started production.
