Critical Elements Lithium Corp V.CRE

Alternate Symbol(s): CRECF

Metals & Mining Industrial Metals & Minerals

Critical Elements Lithium Corp is a Canada-based mining exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 246.55 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. The Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. The Rose South property consists of over 280 claims.

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Critical Elements Lithium Corp

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Post by wildman2on Jul 27, 2011 3:37pm

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Post# 18879893

tantalum calculation

Directly from the news release:

"With an indicated resource of 642,238 tonnes of lithium carbonate and 9,514,317 pounds "Conflict Free" of Ta₂O₅"

Since Tantalum is at around 145$ per pounds right now, you do the math...

don't forget that the 9,5 million pounds multiplied by 145 dollars a pound has a recoverable rate at 70 percent.

so 1,331,960,000 is the total tantalum calculation at present day values.

1.33 billion dollars worth of tantalum. Recovery rate at 70 percent. Just the tantalum worth 700 million tantalum in the rose mine so far.

700 million just tantalum so far with a market cap of 30 million.

Day traders will play. The story is already told and it has a very happy ending.

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