RE:Lithium stocks It is true that ALL are down (besides PMET, but that will follow too) but direct comparison is not correct.
We need to look at market valuation compared to the recourse and CRE's $3 was far cry compared to the industry valuation of 50%-60% NPV which for us would have been around $4.5- $5 at that time.
So we fall from lower project valuation compared to all peers. FL particularly collapsed once the PFS was issued and they now need to find money... much more money than CRE.. to advance the project. So realty hit them, unfortunately CRE never got that opportunity for whatever reason..
So we never had the wind blowing in our sails and reaching fair value to begin with due to Management inability to deliver on their own timeframes - financing right after permit, then Q1'23 then September, then end of year and now no timeframe at all..
The steady collapse is due to Market’s loss in confidence with the project – at $1.20 no one is coming to buy millions of shares… and you should ask why. I have stated many time that for me this means that Market expects a massive dilution so no rush to buy in.