Critical Elements Lithium Corp V.CRE

Called

[owedmoney]

$1.29 couple months ago. Mow calling .35-.50. Always good to make a discovery but who's going to take a chance on mining it ? There is no lithium projects being taken on by the majors not one. China controls 95% of the market and they aren't about to lose it. Dead market in Canada and the US. The expense of permitting, developing and getting the refined lithium comes down to the end user and we know the taxpayers are already funding all the battery plants so volkswagon, Stellantis and the rest should be on the hook for product. Market is dead for now.

[monkeyhere171]

Everything is possible, but once this drops to $0.7x range and stays there in the new year, my bet is that CRE will become a takeover target. Someone may offer 50% premium or the astonishing $1.20/share lol. As bad as it looks, they do have permits in place to build a mine and significant land package. It's not that they will go bankrupt, that may happen while in construction and play out the