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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium 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 24.99 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. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Post by Einherjaron Sep 15, 2010 1:21pm
405 Views
Post# 17451590

Contained metal value

Contained metal value3 holes from today and their value based on the most recent purchase contracts for July 2010

Lithium Oxide with conversion of the Li2CO3 (Lithium Carbonate) price - Li2O
US $15.01/kg or per 0.10%
Tantale (Oxide) - Ta2O5
US $226.50/kg or
.226 per ppm/gram
Gallium - Ga
US $440.00/kg or
.44 per ppm/gram
Other:
Beryllium - Be
Moyenne de US $500.00/kg or
.50 per ppm/gram
(Source: IBC Advanced Alloys)
Rubidium - Rb
US $740.00/kg or
.74 per ppm/gram
(Source: USGS, sale of a large quantity from the Tanco mine (CBT-NYSE) when
there was more information on transactions, 1980 to 1991)
Cesium - Cs
US $690.00/kg or
.69 per ppm/gram
(Source: USGS, sale of a large quantity from the Tanco mine (CBT-NYSE) when
there was more information on transactions, 1980 to 1991)
For calculation purposes:
1 ppm = 1 gram
0.10% = 1 kg


LR-10-75    52.45   73.90   21.45  1.22   2983    206    139    117     78

Lithium     1.22%     $183/t
Rhubidium   2983ppm   $2207/t
Tantalium   206ppm    $46/t
Beryllium   139ppm    $70/t
Cesium      117ppm    $81/t
Gallium      78ppm    $34/t

$2621/t over a true width of 21.45m





LR-10-80    66.75    85.5   18.05  1.27   3877    189    175    120     75

Lithium     1.27%       $190/t
Rhubidium   3877ppm     $2867/t
Tantalium   189ppm      $43/t
Beryllium   175ppm      $87/t
Cesium      120ppm      $83/t
Gallium     75ppm       $33/t

thats a whooping $3303/t over a true width of 18.05m







LR-10-89    77.70   93.85   16.15  1.70   2909    204    131     95     69

Lithium    1.70%     $255/t
Rhubidium  2909ppm   $2152/t
Tantalium  204ppm    $46/t
Beryllium  131ppm    $65/t
Cesium     95ppm     $65/t
Gallium    69ppm     $30/t

$2613/t over true width of 16,15m




i don´t know the cost of production to extract and refine the contained metals but i think the numbers are very impressive and EFG is still very undervalued at current sp level

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