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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

Post by 7Twiggyon Jun 09, 2021 1:36pm
163 Views
Post# 33355908

From Yahoo finance discussions

From Yahoo finance discussionsIn my opinion the best case scenario would be a successful harvest in the forecast timeline and a b2b sale with a a good margin. Then after the news and a share price of approx 0.06 CAD $ the company is bought by a bigger company for a premium price of 0.15 - 0.20 CAD $. Worst case scenario would be another fail of generating revenue this summer leaving us with more dilution in the end or even forced to sell more assets/shares of Organigram to fund the ongoing business(es). I am not even writing what our share price would be then.
Trying to survive on their own would mean another (approx. 2 years) waiting time, given that they are also way behind in retrofitting the rest of the greenhouse. Growing with 1/4 of the space and only Farmako as a small revenue generator maybe enough to survive - but would leave no room for substantial growth and ultimately the share price will hover around 0.05 to maybe 0.10 CAD $ for at least 2023...
I think its dead money here for all long term investors since 2019. All new investors may have a great chance of getting 300-500% in the next months without the risk to lose much of their initial investment. I mean well, we have bottom bottomed somehow...
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