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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.


CSE:CMT - Post by User

Bullboard Posts
Post by Gswood29on Oct 11, 2018 12:34pm
118 Views
Post# 28781835

Buying opportunity

Buying opportunityI'm sure IR had received many requests for additional information or a news release to provide an update on the DOCC transaction.  Now we have it and it confirms that everything is progressing, just a bit slower than planned.  Initial date of October 8 was obviously too agressive.  Note that it is only the initial payment that is delayed.  The second payment date remains at November 15th.  I am confident that this transaction will happen.  It gives PUF access to $40M that they need to convert the Delta greenhouse to cannabis.  It is already a great facility.  The deal gives DOCC a quick entry with a 2.2M square foot facility.  They won't want to miss this opportunity, and nor do I.  Doubled my position this morning with the low price.  The upside potential is just far too high not to hold this one. 
Bullboard Posts
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