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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
Comment by thamthamon Dec 10, 2018 6:01pm
115 Views
Post# 29094188

RE:RE:RE:$ 7.5 MILLION

RE:RE:RE:$ 7.5 MILLION
That's not out of question. I'm sure propagation is service that many are in need of but is it economically viable for those companies right now? Take Aurora for example, grow their own and their wholesale price was like $5.50/gram last month. That's pretty cheap but if not picky and/or know where to get on the black market, you can get for half of that. That's what all these companies contend with. Some of my friends are fine buying legal with $6/gram even though still more expensive than what they could buy from their source and some not. Small companies can't sell for cheap and by having another company growing for them, that's another expense they can't afford.

After seeing how things turned out after legalization, I think may as well use it as their own growing space. Growing space is precious at the moment and you don't want to share with those that you're competing with. It's fine if PUF is only in cultivation business but once it's also selling cannabis, doesn't make sense. And with the huge demand and the revenue legal market can generate, this 2.2M doesn't look as big as it once was.

What do you think?
Bullboard Posts