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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 Kanolion Mar 04, 2019 9:46am
166 Views
Post# 29437532

RE:Extrapolation for “The Gingerbread Man

RE:Extrapolation for “The Gingerbread ManThanks for the input everyone, here is what Ive come up with so far. Grams = 250,000,000 Cost factor = 1-(550/4000) = 0.8625 Ownership = 0.3 $/g = 4 Revenue = 250M*0.8625*0.3*$4=$258,750,000 To get a conservative p/s ratio I looked at several companies and only used the average from only the lowest values which were: ogi @52.295, fire @17.049, canntrust@21.355 which gives an average of 30.566 projected share price = (revenue*p/s(avg))/shares outstanding = ($258,750,000*30.566)/371,900,000shares = 21.27$/share With all that being said there are many cannabis companies with higher p/s ratios than what I decided to use which will obviously give much higher results. I decided to disregard them because the market norm is closer to 25. By comparing capital/ft^2 I came up with another factor. Companies I used: ogi,fire,canntrust,emh,canopy,tilray,hexo The average from the above using the formula: market cap/ft^2 I came up with an average of 1894.449$/ft^2 Finally, 1894.449$/ft^2*2,200,000ft^2*0.3=3.36$/share In summary $3.36 based on $/ft^2 and $21.27 based on p/s I hope your Dreams stay Big Gingerbread Man! GLTA
Bullboard Posts