Canada Lithium Restores Investor Confidence

Financial Post investors are slowly returning to Canada Lithium (TSX:CLQ) after a false-step that could have meant a near complete buyer boycott.

As quoted in the market news:

The latest example came Thursday when Canada Lithium released an updated feasibility study on the project that’s expected be in commercial production in less than six months: the shares closed slightly higher on larger than normal volumes. Results from the study are better than previously expected: the facility has a higher net present value; a higher internal rate of return (32% vs 22%); a much higher average annual earnings before EBITDA, and a smaller payback period (less than four years vs four years previously.)

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