missed the boat?Although we are "up" in the last few days, it does not compare to other lithium juniors out there that have less resources then us and that are also less advanced then us. For instance, several come to mind (Piedmont, American Lithium Corp, Neo Lithium, etc.). All their increases are larger than us, as are their market caps.
Since the Tesla deal with Piedmont, let's compare the two companies. Please let me know what I'm missing:
1) Critical has more resources (then Piedmont)
2) Critical already has a feasibility study done (from 2017)....Piedmont still has to do one
3) Critical has extensive metallurgy tests done and a Primero report (for a fixed price contract). Piedmont....not sure but don't think so
4) Critical has less shares (170M) compared to over a billion (for Piedmont)
5) Critical has applied for permits which should be received soon, then construction can start once financing/offtake is in place. Piedmont....I don't think they can apply for permits yet, but who knows.
6) Management team.....no comment
But....what Piedmont has is simple. An agreement with Tesla. Critical does not. Critical is in Quebec (there's already been two strikes against Quebec lithium companies), so people are skeptical.
Investors value Piedmont at $375Million while CRE is valued at $91Milliion.
It's simple folks. I believe we missed the boat by taking so long for permits, offtake, etc. If we had an offtake now, permits in place, is it safe to assume our market cap would be north of $500-600Million? Would that make us a $2 to $3 stock???
Look at LAC. Their increase has been parabolic. Look at CRE. Their increase has been minimal.
So back to my point. I realize Lithium 3.0 is just starting but if CRE doesn't get their act together, we may as well miss it. Yes $50M market cap was ridiculous (as the article said last week) but the same can be said about a $91M market cap that we currently have.
--We have an NPV over a billion!!! (before tax)
--We have room to expand the resource (substantially)
--We have amazing quality/purity and easy to mine (proven mining methods)
--We have a low share count (and around 60-70% is in "strong hands")
--We have a Feasibility Study, permits almost in hand, ready for construction and production by 2022-2023!!!!
So what's holding us back. Why is Tesla not knocking on our doors?