OTCQX:SREMF - Post by User
Post by
dsanddson Jan 10, 2013 11:27am
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Post# 20820334
clq price
clq priceI think the reasons we're not getting much of a price bump are fairly obvious:- General market hand wringing, especially junior miners- Commissioning of the carbonate circuit on time/budget to come- Production to be demonstrated at expected quantities and purity- Mindset change that CLQ is now a producer is slow to comeI dont think its related to the number of shares because earnings will likely be 15c per share by early next year, so in my mind the sp should be worth 10X or say $1.50 by then.You cant go by the price spike 2 years ago because recall there was a frenzy in rare earth miners re China supply and lithium sector got caught up in that indirectly. Since then all these companies took a dump too.Producers big and small arent getting much sp credit these days. Buyout rumours would be fun but personally i wouldnt sell for less than $1.50, too much potential for growth - higher capacity, coproducts, and especially lithium metal.>