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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

Comment by thamthamon Oct 28, 2019 9:09am
131 Views
Post# 30275845

RE:2 of my earlier post.

RE:2 of my earlier post.
c14, a couple of things.

SOW and its shareholders have shares ownership in AGRA, that's it. About 400M shares were issued to buy the SOW's 20% ownership of PSC. The 70% ownership of PSC now belongs solely to AGRA.

Now, I've read few comments of SOW shareholders on this board and on its own board in regard to the potential valuation of SOW mirroring AGRA's valuation based on ownership of AGRA shares but that logic is flawed. Can't include those almost 400M shares worth in the equation. I specifically mentioned its shareholders earlier because those almost 400M will be distributed to them and not really belonged to SOW. Once distributed, they're gone.

Yes, SOW as a company still have partial shares from their initial funding of PSC but that's small percentage. It was traded higher because of confusion in the first place and a lot bought into it to get what I call 'bonus'.
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