If you are new to the CRE boardI realize that this stock price is going to get a lot of people coming over to the bullboard out of a sense of curiousity. That this might be a good time to look at this company that was once over one dollar and now trades at about a 3 year low.
You might think that nothing has been done in 3 years for the price to be this low, but the truth is quite the opposite.
The management of CRE has been drilling holes for years at Pivert/Rose and the results are nothing less than spectacular with Li grades as high as 4.6, with many over 2.
They haven't drilled in a single place and not found significant mineralization. Better still, it is at a shallow depth and easily minable. Better still it extends in all directions to the point that they still don't have a sense at when it actually ends. Better still, it is near highways and power lines and in the middle of Nemaska and Lithium One so the mine could and likely would be on CRE's sight.
It is lithium, tantalum, gallium, berrylium, and cesium. The company concentration has been put on the most profitable of the REE and that is tantalum and lithium.
The tantalum story is about ipads and smart phones and Galaxy Tabs and blackberry tablets. Each one of these new devices sweeping the world requires in it a notable amount of tantalum.
The batteries themselves are made of lithium. The real lithium value of course though is found in hybrid and electric car batteries. The minerals of the earth in the CRE deposit are increasing in value as a market for ipads and hybirds augments through the years with no end in sight considering peak oil and smart phone usage.
The value of the deposit is right now assessed at 6 billion dollars when you add up all of the various minerals. The value though of the tantalum was not targeted in many of the first drill holes.
As a result, a new assessment of the overall value is expected to be much higher and work done by some intelligent people at this board in adding up all of the drill results have the minerals value at 8 to 10 billion. That is billion with a B and the results are coming in June. They have been leaked in a general sense as the insiders say it is outstanding
A newsletter did an independant study and valued the share price of CRE at 7 dollars. Two days ago an announcement was made indicating that the mine will be fast tracked and open for operation inside 3 years.
So you are asking yourself, if the company has at least 6 billion in the ground of resources that are only increasing in value, why is the stock price going the other direction.
In a nutshell, it has been devastated by a so called insider who does financings and flow through offerings. He is listed as Consolidated Investments if you see a SEDI report or go to Canadian Insider.
He has purchased at various prices some 40 million shares of this company and every time that he has sold he has sold into the bid. He has been the ceiling on every rally sometimes selling millions at a single moment.
Our best guess is he is down to 4 million shares. In the last three days, he has been the seller of 90 percent of the shares here. He sold the stock right through support at .20 and he continues to sell at .18 with a refreshing ask today.
He will sell every share here of this company until his 4 million are finished. The company is aware of his devastating desire to sell. In fact, I have made it my life's work the last six months to learn of him and I can tell you thru conversations with 5 different CEOs that Mineralfields is not only done at CRE, they are done everywhere. Their business model is in its final months. The gig is, as they say, up for Mineralfields/Consolidated/Pathways/Joe Dwek.
There you have the story of CRE.
I believe this is your greatest chance for an early retirement on the Venture Exchange, if you were to buy it in the next two weeks.
When the final four million of Consolidated Investment (Mineralfields, Joe Dwek, Pathways) shares are sold, this will find its rightful place with a worth at least 4 times higher than this moment in a heartbeat.
You can wait and try to get the final tick of Mineralfields last sales, or you can begin opening a position right now. The management of CRE are agressively enticing buyers here and the final 4 million shares sold by Mineralfields could come in a heartbeat organized off the board.
The last six months of talk here at this board has been a mix of Mineralfields lament and drill results excitement.
Soon the conversationn will be exclusively about the drill results, a mine to come, and the NI value already officially established last October and ready to be recognized as the company Joe crushed for a while, but value is value in the end.