Cullinan Metals Corp V.CMT

Primary Symbol: C.CMT Alternate Symbol(s): CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.

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Cullinan Metals Corp

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Comment by thamthamon Oct 04, 2018 4:35pm

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Post# 28747648

RE:RE:RE:RE:RE:RE:RE:RE:Question

FYFTMI wrote:
thamtham wrote:
I played with the numbers a bit. Was curious why 2.24 at first but it seems DOCC thinks MC of PUF being 200M is fair to invest in.

i got 160, 2.24 includes 20% ownership of PSC.

2.24 ~90M (fully diluted) = ~200. From their POV, if they're willing to pay 2.24, they will use that for all shares, not just their own. Or else they wouldn't pay that much in the first place. I know that was how my company has done when they acquired smaller companies. But that's just my take. It could be entirely based on something else.

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