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Cullinan Metals Corp V.CMT


Primary Symbol: C.CMT Alternate Symbol(s):  CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.


CSE:CMT - Post by User

Bullboard Posts
Post by Specustockguruon Apr 26, 2017 11:54pm
131 Views
Post# 26172229

8000 sqft Value

8000 sqft ValueHello friends  the recently licensed Acreage Pharms acquired (100 % )by IMH is valued at $34,450,000. It has 6800 sqft built out facility with plan for expansion to 30000 sq ft. IMH has committed 6 million for this expansion. Also there is space for another 20000 sqft exapnsion .Let us assume it will cost another 6 milion to built phase III.  Moreover ,overall the propert is 150 acres. Approximate valauation = 34 +6+6 ie 46  million for 50000 sqft built out licensed property . Hence we can assume PUF's 8000 sq ft  value is 9-10 million when after approval for licence.  They have 3 million cash also . When all taken together  including vapetronix  ,the maximum market cap is $ 15-16  million only. Already sp is about 0.40 cents . So there is not much potential for further upside  in SP price ? . Any thoughts ?
Bullboard Posts