RE:Future Valuation I think that once we are fully permitted, we will be a definite buyout target, but that certainly doesn’t mean it will happen, I really think that management wants to build a mine first. I was struck by one comment in that Palm Beach article, the one regarding Cantor Fitzgerald’s objective to get CRE listed on the Nasdaq, I had assumed that management was planning a better US listing, however, this was the first time I’ve seen anything in print about it. I also just watched an interview with Howard Klein (first streamed on April 15, not sure how I missed it) where he mentions CRE several times, specifically he talks about our present valuation as compared to our US and European peers and he calls it the “Canada Discount.” He also speaks about this in the recent RK Equity Lithium-Ion Bull. What’s interesting is his comment about our SP in comparison to our 52 week high as compared to other Li Juniors and notes how we have held on to the value we had recently gained, at the time our SP was in the $1.30 range.
In RK Equity’s words “Critical Elements Lithium has fallen among the least among pre-producers and is among the closest to its 52-week high." and "Is CRE.V pricing in permitting momentum similar to LAC last year? RK Equity believes the prevailing "Canada discount" is unjustified; that Frontier and Critical Elements offer attractive risk/reward and potential to re-rate closer to USA & European project peers.”
There is no doubt that our recent SP rise is in direct relation to our anticipated permits and financing, but I think (and so does RK Equity and Palm Beach obviously) that we have much more room to run once those milestones have been reached. Add to that the DFS on the hydroxide plant, increased resource, a US and TSX listing and an imminent lithium supply crunch and a dramatic increase in SP will certainly follow. I don’t know when $15 US will happen, but I certainly believe that it will.
The interview I mentioned above can be found at
https://www.youtube.com/watch?v=RehLCn2NilY , like I said we get several mentions but Klein addresses our SP disconnect at the 30:40 mark.
jmho gltal