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Bullboard - Stock Discussion Forum 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... see more

TSXV:CRE - Post Discussion

Critical Elements Lithium Corp > Neo Lithium Deal/Critical Elelments
View:
Post by rockhound01 on Oct 20, 2021 12:01pm

Neo Lithium Deal/Critical Elelments

Zijin Mining Group Co is acquiring Neo Lithium in an all cash offer at $6.50 per share. If you looked at the after tax NPV of both projects and weigh out the merits of both they are pretty equal. Neo is of course a brine project etc but if you look strictly at dollars and cents CRE is pretty close.

Cre has not also updated their feasibility study to align with the recent lithium pricing surge. As earlier posted by me I truly believe the company when they state that there is at least another Rose sized deposit on their property based on the preliminary work that has already been completed. This also does not include the other assets that they control.

Having said this the chances of CRE into a similar or better deal than NEO is not implausible. Given the present climate in North America the chances of entering into this type of deal with a Chinese company is unlikely but there are no shortage of other companies looking for the supply.

And here we are trading around $1.60 which I believe will be short lived based on the activity we are witnessing in the lithium space.
Comment by 110158 on Oct 20, 2021 12:26pm
At 6.50 would be a done deal for me....lol
Comment by blaggers on Oct 20, 2021 12:42pm
This post has been removed in accordance with Community Policy
Comment by elvishasnotleft on Oct 20, 2021 1:42pm
Not me. I want $10.00 plus. Only fair for hangin on to this company for 10 plus years. Will it get to $10+...who the puck knows.......
Comment by elvishasnotleft on Oct 20, 2021 1:45pm
p.s. If Rock Tech can get to $9.38 ( 52 week high) Critical s/b able to reach $10.00 yes?
Comment by monkeyhere171 on Oct 20, 2021 1:49pm
They are going to produce hydroxide we spodumene for now until further studies and permits are completed. Given the price premium of hydroxide to spodumene $3 is more likely the top for now. Once the feasibility study for the hydroxide plant is in place will have the jump we are looking for 
Comment by Jordsword on Oct 20, 2021 5:16pm
I would add that Rock Tech has a better PR strategy. They tout themselves as being "a clean tech company that produces lithium hydroxide". Critical's version is "we aspire to be a lithium mine" or something less impressive like that. 
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