What Is Cre Worth Today And In The Future?On a few occasions Eric has stated that CRE trades at aprox .3% of NAV and in the latest Canacord report average industry peers are trading at .72% of NAV. Cre is presently trading at $1.52 which is aprox .42% of of NAV and if we were trading similar to industry peers we should be trading at $2.54.
Tinker crunched some numbers using prices of $1200 per tonne anticipated for the new Feasibility study and a new pre-phase 2/pre-expansion value of 1.8 Billion. If we were trading at .42% the SP would be $3.68 and at industry peer values of .72% the SP would be $6.32
Keep in mind that these numbers are pre-phase 2 and pre-expansion of resource. Also many of the industry peers are just entering the starting gates of the process and ten years away or if ever of being permitted where CRE is nearing final permitting. Considering the lithium crunch facing a multitude of companies and government panic over supply the above numbers could be seen as conservative. There are many companies in and outside of the mining space with deep pockets and my money is on CRE being taken out once the permits come through. Any company taking them out would obviously have to consider Rose plus other future expansion and development on the property. All things considered the SP could soon take on a life of its own.