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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 Kanolion Mar 04, 2020 1:54pm
126 Views
Post# 30766346

RE:Where do you see the SP in December

RE:Where do you see the SP in December$0.50 and above seems very reasonable assuming we have revenue from Delta.
<br/>
Although we won't have a full year of revenue (from Delta) we couid extrapolate whatever our third quarter (hopefully) proceeds are.
<br/>
Ignoring The edibles and all other revenue:
<br/>.
15,000,000 grams (2020 estimate for phase 1)
<br/>.
$3 profit/gram
P/E of 10x
1 billion shares
<br/>.
SP (Dec)=(15,000,000*3*10)/1,000,000,000=$0.45
<br/>.
This is the absolute lowest assuming we have revenue from Delta.
<br/>.
GLTA longs
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