Well, I've been here for over 7 years......and unfortunately many of you don't see the big picture.
I've spoken to JSM several times, too. And although I have a geat deal of respect for him, (as well as Blaggers, and many other posters here), I would be remiss if I didn't share with you the ups and downs you will experience...assuming this project comes to fruition.
First of all, any project that starts from raw land and must build a mine is a very expensive and monumental task. And If they find enough investors to finance the WHOLE project (which is very rare), you can count on a helluva lot more dilution.
Secondly...just because CRE has signed an off-take agreement with an offer to finance 25% of the mine, is nothing to get excited about. I know this is hard for you to swallow, so I'm going to give you some hard facts. Please read the following headlines from a company called Argex Titanium:
Stockhouse Editorial October 3, 2011
Canada NewsWire April 17, 2013
Canada NewsWire June 27, 2013
Canada NewsWire July 8, 2013
Canada NewsWire August 22, 2013
Canada NewsWire September 18, 2013
Canada NewsWire September 17, 2013
Canada NewsWire November 25, 2013
Canada NewsWire October 29, 2013
Canada NewsWire June 30, 2014
Canada NewsWire August 26, 2014
Canada NewsWire October 17, 2014
Argex Signs LOI for 100% of its Iron By-Products with PVS Chemicals
Canada NewsWire March 19, 2015
Canada NewsWire June 18, 2015
Canada NewsWire June 22, 2015
Canada NewsWire August 4, 2015
Argex signs feedstock supply agreements - Multi source strategy allows for security of supply and mill feed stability
Canada NewsWire August 13, 2015
Canada NewsWire August 25, 2015
Canada NewsWire 11 days ago
Unfortunately, this company's share price went from $1.37 to only .08 today. Despite all the off-take agreements, etc, etc, the company never got enough investors to build their project and is now struggling to stay afloat.
Please review the links carefully and notice how this company progressed methodically...they had several companies that offered to finance a portion of the plant, and yet, it still didn't get the needed funding.
I'm not saying this will happen to CRE, but you need to know that the possibility of failure does exist.
Nohype7