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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 CAinPlapon Oct 28, 2019 4:24pm
136 Views
Post# 30278221

RE:RE:RE:RE:I am worried, so should you.

RE:RE:RE:RE:I am worried, so should you.Not sure why your talking about a loan when that is not what we are dealing with or anything close. Nor is there any attempt to mislead anyone.
SOW has no liabilities on the approx 490 million AGRA shares it owns. 490 million x .24 current AGRA share price  = $117.6 million FMV for SOW. If SOW distributes all the compensation shares it will have about 45 million AGRA left or about $10.8 million FMV.  So prior to distribution if/when it occurs, SOW shareholders have SOW shares worth $117.6 million. After distribution, SOW shareholders will have $106.8 million in AGRA shares and $10.8 million in SOW shares whose value is comprised of the remaining 45 million AGRA shares that SOW would still own.
If there is anything wrong with what I just wrote, please point it out. TIA
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