I'm not really sure of an answer for you, but I do agree with you on the undervalued per its competition.
I know TIANQI GROUP has faith in this company as they know own 19.9% of the shares.
And I do know that Nemaska has its source of its finished product the TIANQI GROUP.
Also it will be a low cost operation per ton as the product is at the surface and near surface.
You will also find that the CEO G.G. Bourassa has been buying shares on the open market almost and if not ever month for the last year and there has been no sells.
Nemaska plans on being in production in 2013.
Other than that the only thing that bugs me is that they have never replied or answered my E-Mails or phone calls on numerous times.
I plan on going to the 2012 PDAC and meet them face to face.
Have a great weekend
......RL