China's Ganfeng to take control of Argentina lithium projectLink to article I also wanted to share my opinion about the new presentation, I really think they did an amazing job!
I loved it and really appreciated the comparison to LAC.
That's why I am taking the time to post this article here since CRE's management is now using LAC to compare how unfair our valuation is.
LAC which is valued at
$491.71M will own 49% only of the Caushari-Olaroz Project in Argentina by next August.
Also, LAC still needs $400M to finance their Thaker Pass Lithium Project in Nevada. They are actually still working on the permits that they expect by January 2021!!
CRE on the other side -
The Highest Purity Lithium Project in the World - backed by a solid and experienced management team is only worth
$52.41M at the moment! The interesting part is that CRE is expecting permits sometime in H1 2020 with construction to potentially begin by H2 2020.
Oh and I almost forgot that CRE only needs $341M in Capex.
This sounds like an easy 10 baggers from here!
Nuff said! I know which lithium play I am holding!
Oh wait, Ganfeng is up 10% as am writing this! Watch out! The tide is rising!!
DYODD
Cheers to all longs!