Critical Elements Lithium Corp V.CRE

NLC to be sold

[Wheeler]

Zijin Mining to Acquire Neo Lithium Corp

So NLC is the latest in the M&A department, at 6.50 a share it looks like a much better deal than ML's so called "bidding war." CRE: always a bridesmaid, never a bride... someday.

[redbull7]

Yeah I hear you but CRE won't sell. They are too arrogant.  Have too much property and plans/mines.  Could be worth billions in the ground.  But why sell now and for how much?  $250million?  $300milliom?  $350million? tnat is way too low.  Unless they got a billion, forget about it.  It's a waste at this time.  They share price has been

[david3549tw]

"Critical Element 2017 Feasibility Study on their Rose Lithium-Tantalum Project Phase 1, for the production of high quality spodumene concentrate, resulted in a post-tax NPV8% of C$726 million and an IRR of 34.9%, CapEx of C$341 million. These are strong numbers but could even be potentially better for a Phase 2 project that produces lithium hydroxide. Investors can therefore look

[david3549tw]

With Phase I high quality spodumene concentrate, they would achieve 34.9% IRR over a period of 17 years. That's already marvelous.  The CapEx of C$341 million would generate 41B$ revenue over the 17 years.   Imagine to what level of IRR the Phase II battery grade hydroxide could lift it to.  

[david3549tw]

And all of these are related only to the Rose Project.  CRE has eight more projects ranging from copper, gold, zinc, ...

[Wheeler]

Agreed, at 6.50 a share NLC will go for about 920m Canadian, I'm not sure if CRE would even sell for that much. They have always been clear on the fact that they want to build a mine.