M&A activity and CRE? Even with the high demand for lithium in the foreseeable future, I find there hasn’t been much M&A in the lithium industry lately.
With CRE’s market cap sitting at around only $460M today vs an NPV of $CAD2.5B, I think CRE is a potential takeover candidate.
Why would a large mining company want to buy a risky asset in South America and or want to go through a permitting process in a safer jurisdiction?
Rose is ready go and could be in production by 2025.
I wouldn’t be surprised if miners or cells makers are looking at CRE with everything that is now happening in Quebec.
If this happens, my guess is that it will be an Australian company or cell maker backed by a US OEM.
The stock is way too cheap right now