RE:Rio Tinto and CRE Not sure what you are using... but I want some of it bahahah
CRE @$3 may happen but probably after 5 years once a producing mine and if not taken out for pennies before that.
For reference, Arcadium Lithium's stock went up 45% after the news, so suggesting that CRE will rocket 500% is ridiculous.
M&A will happen but for producing or near-producing entities as their value is depressed but actual assets are built. Nemaska, of which Arcadium owns 50% is fully integrated with Whabouchi Mine (construction is now on hold to my knowledge) and Bcancour Conversion Facility is scheduled to start producing in 2025. So Rio Tinto buys actual assets that have market value well below what was paid to be constructed/built... so that's a steal for them
CRE needs $600M just to build the mine if no cost overruns which will happen for sure and on top of that you need to buy the company? Yeah nah not happening, and definitely, $3/share is a fantasy