Recovery rateRemember when about 4 months ago we tried to value the company and took a recovery rate of 25 percent to come up with a 3 dollar stock price.
Now we see in the pdf file that they see a 64 percent recovery rate in the lithum and a 70 percent recovery rate in the tantalum. People, that is ridiculously high and shows the value of the open pit mine.
70 percent tantalum recovery puts CRE well ahead of anyone and I mean anyone's mine.
When the resource was calculated at 6 billion in the ground we had a newsletter last September say that it should be valued at 7 dollars.
Now we have 400 percent more tantalum and a recovery rate of 70 percent.
That newsletter was underestimating it at 7 dollars - because it didn't take into account that recovery rate or a 400 percent increase on the recalc.
Listen day traders are gonna do what day traders do, but this is a world-beating story that we are in here.
Big money will surely step into this. It is a no brainer to have a 10 billion dollar resource with a 70 percent recovery rate for a market cap of 30 million.