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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 24.99 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Comment by Wheeleron Nov 16, 2022 3:42pm
337 Views
Post# 35104571

RE:RE:RE:RE:Roc Tech - PFS study released

RE:RE:RE:RE:Roc Tech - PFS study released

Monkey, you may very well be right about your fear of dilution theory, however, even with a terrible deal our market cap reflects very little value. Say we were to finance 100 m shares at $2 for $200 m and took the rest of the capex on as debt, an absolutely hideous deal, that would give us about 330 m outstanding shares. At 1X our $2.5 b NAV that would still put us at $7.50 CAN per share. Even at 0.6X NAV, like many of our unpermitted and/or unfinanced peers, we would still be close to $5.00 per share. I believe there are still lots of buyers out there, but they quickly realized after the first day or two of full permitting, they can be patient and accumulate shares for at a nice discount. Our daily volume has been up significantly ever since the permit announcement, but of course a lot of that volume is the same shares just being bought and resold by daytraders, still there are people building positions. I think they're just being wise about it. So even if people are reluctant to buy out of fear of a terrible financing plan, we are still very under appreciated by the market. Why? Well we've all shared lots of other viable theories about that. Jmho 

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