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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
Comment by Capitalizationon Dec 22, 2017 2:41am
248 Views
Post# 27212452

RE:PUF & MYM

RE:PUF & MYMGood question, here are my thoughts.

Prior to today, there was much speculation that MYM had majority say in Solaris.  However the news releases today proved that PUF has the same stake as MYM.

PUF and MYM both have upcoming cultivation licenses, PUF in Ontario and MYM in Quebec.  There are only a few licenses so far in Quebec, so this could drive more of a slight premium.  MYM also has plans for next year for Weedon site, that would provide more growing capacity.

MYM market cap sits at 450 million
PUF sits at 115 million

For future potential and tapping into the Australian market with the license approved for both companies, both will climb up in sp.

Given that MYM has the future potential of the Weedon site, I would place PUF at 2/3 the value of MYM currently.  Given the value of the stock to market cap right now in consideration of Australia, both theses stocks should climb nicely.  Putting PUF at 2/3 of today MYM price would garner a sp for PUF of $3.18 minimum, putting the market cap around 240 million.  

PUF currently has a very low float around 45 million shares while MYM sits around 81 Million shares.

Both will rise up, PUF is sleeping giant on a very fast track to dominate Australia.


Insighttickler wrote: Can anyone explain to me why MYM is valued 7 times or any higher than PUF when PUF has their hands in more ventures and owns the same on the aussie project? thanks! 


Bullboard Posts