Critical Elements Lithium Corp V.CRE

Yukon morning

[Canadiendave]

What a nice surprise to see seven points up this morning on the SP.  CRE is hiring key engineering positions signalling that the permit is for real coming soon and that financing plans are well formed.  Tesla is taking steps toward a factory in Canada. 

Things are looking pretty damn good for CRE.  I would hate to be the guy that sold at $2.00 just to watch the price rocket to $5.00. 

D.

[tinker901]

I agree totally Canadiandave. When the permit is official it should have our SP move in the 2.50 almost instantly and from there a gradual climb ( to ... the sky is the limit ) while we anticipate the deal with a partner that annouces the build. Selling at 2.00$ now after waiting for several years would be heartbreaking.  

[Canadiendave]

$2.50 - $3.50 after permit. $3.50 - $5.00 after partner. This is what will put a big smile on m face.  I really hope this all happens in the next month or two.  We have waited long enough!

[rockhound01]

I like your predictions Canadiadave but believe they're low. I've never witnessed so many groups (OEM's, Government's etc) soiling their pants over something that they need access to Now. The vast majority of miners are years away still mired in the steps that Cre was going through 10 years ago. Add that we are trading nowhere near where we should be in relation to NAV and an

[Canadiendave]

Thank you Rockhound.  I appreciate your comment.  I will admit that my heart is screaming bigger numbers than those I said.  I keep thinking about how so many other miners are trading at a higher % NPV than CRE, and that does give me hope that my prediction is quite modest.  Truely, if we see $7-$10 this fall I will be delighted and not deeply surprised.

[Openroads]

If another company takes Cre out it could get quite interesting as there is the Rose asset plus all of the blue sky drilling etc. With the hype around lithium right now and a proven resource worth close to 2 billion and growing I think $7-$10 is a realistic number CanadianDave.

[Wheeler]

We would need a current share price of $2.50 in order to have the same market cap as PMET & FL yet we are miles of head of both companies. There can be no question that our SP has been held down due to uncertainties and delays over our Quebec permit, thanks captain obvious, however, it seems as though these uncertainties are slowly slipping away with the recently published comex minutes. I

[monkeyhere171]

I like the optimism here but $7-$10/share is unlikely until management does not clarify or confirm the dilution. Just look at Nemaska how they quickly went over 1B shares. Hopefully, we won't see that here. Further, NEO lithium was taken out for $960M so just a raw comparison of course is like $4and change a share which is still good. Regardless, we are getting there and I except the news to

[rockhound01]

Thanks Monkeyhere, Newmaska was also desperate in a depressed market and as we've seen mismanaged so not a great combo. Desire for lithium, price etc make it a completely different market now.

[dalesio_98]

There is more than mismanagement to the Nemaska Lithium saga in my opinion. Privatization (orchestrated or otherwise) under the CCAA process ...

[Wheeler]

Damn straight, the question still remains, why didn't they try to go to the market to make up the money they were short. It would mean even more dilution, but at least share holders would have something. Smells like **** to me.

[dalesio_98]

Funding wasn't flowing after the cost overruns. Nemask shareholder update will be shortly available, will make for very interesting reading. Mark my words.

[Wheeler]

I know it's not really a CRE matter but I for one would appreciate it if you'd post a link when it's available Dalesio.

[dalesio_98]

Mind boggling ... not a CRE matter you say ... a shareholder matter at large for Canada.

[Speedypete]

Hey dalesio 98    We must be getting closer to hearing about this update?   I do remember hearing Legault say they would be "first" as if to say others would lag behind them so pitter patter get atter.

[dalesio_98]

Yes indeed Hey dalesio 98    We must be getting closer to hearing about this update?   

[Speedypete]

[Wheeler]

Trust me I have learned not to be overly optimistic when it comes to CRE, however I would not consider NMX as a good benchmark for how things will play out with us. It seemed as though nemaska bit off more than they could chew early on with plans for a mine and converter and I believe there were concerns over the purity of their lithium, CRE has been clear about their "conservative approach

[rockhound01]

I agree that it will happen fairly quickly as well Wheeler. I swear by the Lassonde Curve (Life cycle of a junior mining company) having seen it play out many times over the years. Rodney Hooper and Howard Klein referred to it in their last Rock Stock Chanell video. Cre is at the stage of largest gains and when it kicks in the rise will be quick.