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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 redbull7on Nov 28, 2017 10:35am
262 Views
Post# 27045982

RE:Updates

RE:UpdatesLeft a message for Paradox yesterday afternoon.  This morning JFM called back (just got off the phone with him).  Here are the key points from our 12 minute discussion.

--everything is progressing just fine on their side (they are still on course to meet the 60 day HELM agreement), but don't be so focused on this.  It's not a brake-it or make-it 60 days

--CRE is getting lots of phone calls from investors and also from the lithium market (for their products)

--CRE is in discussion with banks and investors at the moment.  Even though HELM agreement/financing comes first, they are working on the rest of the financing

--he mentioned there are lithium companies out there that have much greater market caps then CRE, that have had their FS out for more then 2 years, and that are still not financed (ask Blaggers....I think he made reference of this in one of his previous posts).

--full commercial production is expected in 2020

--they are focusing on the lithium since it's around 95% of the project (tantalum is only around 5% but it's still a good source of income/revenue)

--phase 2 of the BFS is expected in the summer of 2018 (June?)

--phase 1 is where you make the money

--$180M EBITDA (over the 17 year mine life)....which makes you wonder how a company like CRE can still trade at a market cap of $230-$240M.   Ummmmm, let's just say they are building a billion dollar business. 

Yes, it seems like there are delays but think about it.  They are building a company (for production).  They are not building a company for take-over.  If they were, then they would have done the financing by now.  They would have done a lot more advertising/promotion, etc.  They would be more visible and they would sell.  But they are not.  They are doing everything in their power to make this a producing mine.  It takes time.   This whole last paragraph is all my opinion.

I encourage ALL investors to call Paradox (or JSL/JFM) and get an update for your piece of mind.  As for predicting the share price for CRE, it's like predicting the weather 10 days from now.  Good luck.
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