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American Pacific Borate & Lithium shares ‘incredibly cheap’, according to Orior Capital report

American Pacific Borate & Lithium Ltd (ASX:ABR) is developing the Fort Cady borate and lithium project in California, which has a 120.4-million-tonne deposit at 6.5% boron oxide.
 
Orior Capital analyst Simon Francis has completed a new report on ABR where he notes the company is incredibly cheap in absolute terms as the current market capitalisation (US$21 million) is about 2% of the lower capex scenario net present value (NPV) of US$1,083 million.
 
Francis spoke to Proactive Investors with highlights from the findings.
 
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