let's compare with two other lithium companies in Canada
-> Critical Elements Lithium Corporation
26,3 Mt / 0,87 Li2O
(The market valuation is the equivalent of AUD 300 million, the price is very stable, it has not fallen here, as with other lithium shares.)
->Frontier Lithium Inc
32,5 Mt / 1,40 Li2O
7,23 Mt / 1,87 Li2O
2,76 Mt / 2,22 Li2O
(The market valuation is the equivalent of AUD 450 million, the price has fallen a lot, recently at AUD 900 million, almost 50% down in value.)
-> Patriot Battery Metals Inc
drill straight / 0,93 Li2O
(down from the equivalent of AUD 500 million to currently AUD 250 million )
I see many stocks that have below 1 % Li2O and still have a higher market cap than CRR, let's stay patient and wait
some lithium shares fall and others remain stable, really strange, clearly most lithium shares have fallen, but it probably depends a lot on the project progress.Especially shares like CRR, which do not yet have a resource and drilling or start, have fallen extremely, as soon as more lithium has been drilled here, we should also value 150 million again, just wait and see.A similar explorer QXR esources drill soon also only , are still at the very beginning, this share has also fallen sharply.Comparing CRR and QXR, we started at the same time, however CRR already has a drilling program and will get results shortly, at QXR have not even started drilling.So I have to say in direct comparison, we have an incredible pace here at CRR, the drilling and exploration is going very fast.However, the big step forward is currently still missing, as far as the share price is concerned, but I am sure that the market will soon find the hard work of CRR good, whether we are then at 100- 200 million, we must wait and see.
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