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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

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.


TSXV:CRE - Post by User

Comment by Wheeleron Nov 16, 2022 7:08am
179 Views
Post# 35102450

RE:CRE need to worry about Goldmans prediction

RE:CRE need to worry about Goldmans prediction I don't think any lithium miners need to worry about anything Golden Sachs says about pricing. Six months ago Goldman predicted a sharp correction causing the LCE price to average under $54,000 this year, and predicting next year it will average just over $16,000. Well the first prediction certainly won't happen and the second one is totally laughable. Even their logic is ridiculous, they suggest that many projects are going to quickly come on stream that require margins well over $16,000 which will cause the price to average $16,000. That's an average, so I guess Albermarle and SQM must be giving their stuff away for free. Like many here I don't have many nice things to say about Guy Bourassa, but he actually made the previous point regarding Morgan Stanley's prediction that LCE prices would drop to $7000 in 2022. As more attention is drawn to the lithium the market there is obviously going to be more noise and more people trying to pump and dump and manipulate. Goldman Sachs has been known for lots of shady activity in the past, there is no reason to suspect that they would be any different now.
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