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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

Comment by Toweringmarson Jan 02, 2020 10:50am
129 Views
Post# 30510873

RE:New Year...and buy rating

RE:New Year...and buy ratingSo one of the lesser known analysts gives us a speculative buy rating and provides ZERO guidance or reason as to why he advises this price target? Agreed, its a good start, but means nothing untill the company can sell something. I mean correct me if I'm wrong but we're still pre-revenue? A little late to the game. Its funny, its one of my few holdings that actually has insider buying, but im growing more and more impatient with management not hitting targets or actually getting anything to market. We're already in over-supply, so flower just wont cut it unless they can prove a stupid low CPG and undercut everyone else. Like what we have going for the CBD products, and think we can do well with our edibles, but ffs the company needs to GET ON IT! 3rd mover at this point, when it was one of the few companies ahead of the cannabis fenzie two years ago. I fully expect a 1 for 10 rollback, and have priced that into my buying, but this delay is killing us. Nice that they financed, but like everyone else in the sector is all debt, and as most other companies have shown, its not as easy to make money as expected. Gotta right the ship. In a sector where layoffs are happening at an alarming rate, a big facility is almost a burden at this point.
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