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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

Comment by BobWireon Oct 14, 2010 3:10am
301 Views
Post# 17562570

RE: RE: RE: RE: RE: RE: Short term triggers?

RE: RE: RE: RE: RE: RE: Short term triggers?Im gonna give this another shot

1 ton = 2000 lbs.  1% of 1 ton = 20 lbs
1 tonne = 2204.6 lbs = 1000 kg = 1000000 g   so 1g = 1ppm
1 lb = .454 kg
1 kg = 1000 g = 1000 ppm
Li2CO3 = 5.3240 x Li
Li2O = 2.153 x Li
Li2CO3 = .87 x Li2O
EFG reports Li in Li2O

RBM Group uses these numbers
Li2CO3 @ $3./lb, Rb @ $110./kg, Ta2O5 @ $170./ kg, Be @ $400./kg, Cs @ $500./kg, Ga @ $550./kg

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

Lithium               1.70%           $255/t      Recovery70%   $178/t
Rhubidium        2909ppm   $2152/t      Recovery20%   $430/t
Tantalium            204ppm       $46/t       Recovery70%   $32/t
Beryllium             131ppm       $65/t        Recovery50%   $32/t
Cesium                 95ppm       $65/t        Recovery50%   $32/t
Gallium                 69ppm       $30/t        Recovery50%   $15/t
$2613/t                                    $719/t over true width of 16,15m


So it should read usin same prices

Lithium as Li2CO3  1.49% (1.7 x .87)=29.8 lbs/t       $89.40/t    recovery 70%    $62.58
Rubidium           2909ppm  (2.909 kg/t)                        $320./t      recovery 20%    $64.00
Tantalum as Ta2O5  204ppm (.204kg/t)                      $34./t        recovery 70%    $23.80
Berylium                      131ppm (.131kg/t)                      $52.4/t      recovery 50%    $26.20
Cesium                          95ppm (.095kg/t)                      $47.5/t      recovery 50%    $23.75
Gallium                           69ppm (.069kg/t)                     $37.95/t    recovery 50%    $18.98
-----------------------------------------------------------------------------------------------------
$581.25                                $219.31/t value over 16.15 m
After processin
I see the RBM Group price for rubidium is waaaay lower than we was usin a long time ago on th board.  Intrestin excerise.  Thanks fer keepin me up all night :(

Bob


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