Current SPHi guys, I’ve been a shareholder since September 2014 and have added a few times on the way up. I want to thank all the contributors of this great board for all the informative posts.
It seems like every few days we hear of a new Giga factory being built somewhere or a car manufacturer announcing they will be producing so many EV models by 2022, etc. The projected demand for lithium in the next few years just keeps going up and many of us have been wondering where the Li is going to come from. We hear of big producers being almost sold out for the coming years and scrambling to increase their output to take advantage of the upcoming shortage.
Even after a nice increase of our SP over the last 12 months, I find CRE shares very cheap at the stage we are at. I’m surprised we haven’t heard anything from HELM since the release of the BFS. Also, the big lithium producers are trading at 52 week highs with market caps between $15B and $19B CAD, how complicated would be for them to acquire a small company like CRE by raising capital and/or using some cash on their balance sheets? I wonder if CRE management was ever contacted by one of them? Selling quality product like we have in the next few years should be like selling water in the desert! We should be trading well over $3, a fraction of the NPV for Rose + the other zones are a bonus. Am I missing something?
MTL1010