Critical Elements Lithium Corp V.CRE

CRE vs Core Lithium (CXO.AX)

[tinker901]

CRE has permits in hand and ready to build on a 27 million ton reserve at .96% LI2O equivalent. Also has technical grade lithium and cheap electricity

CXO are working on their permits, has a 15 million ton reserve at 1.3% LI2O equivalent. ( compared to CRE at .96 would be 20 million tons)

CXO's market cap is close to 3.4 billion

CRE's market cap is 426 million !!???!  ( or 8 times lower )  

Go figure......

[tinker901]

Correction, They do have their permits and are scheduled to be operational (selling spodumene) in H1 of 2023.

[tiger2201]

hi tinker, Excellent research! thanks. tiger

[Wheeler]

I also recall something about our 0.96% spodumene is actually based on some initial processing being done. To compare it to other companies samples it is actually around 1.05%. If anybody out there remember something about this as well please share, because I'm not really sure about the numbers and the difference.

[Wheeler]

One reason that core has such a lovely market cap Is that they are Australian. Australian investors have a much greater knowledge of lithium mining than North American investors. The lithium industry in Australia is simply far far more advanced than North America.

[Speedypete]

Agreed    Like comparing apples to oranges.  

[tinker901]

The only thing related to this that I can summon up is our recovery rate that is higher than average. So if our recovery rate is 86% and Core has 78% (just guessing) then that sort of compensates for the lower concentration in the rock. If you look at Nemaska, their lithium percentage was pretty high but they had a high reject rate because of the rock content (gabro) that was almost the same