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1.2¢ critical resources limited

GL1 price rocketed well before the infill drilling though. it...

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CeeMeezy

308 Posts.

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24/10/22

10:11

Post #: 64353328
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Originally posted by dawgfather: ↑

Agree with you there is a mismatch in market cap, but this is likely down to the extension drilling GL1 have been doing which the market now believes is going to lead to a material resource upgrade (I don't hold GL1).

There are many different lithium explorers now and if you look around them. it's very difficult to find any that tick all the necessary boxes in terms of peg width + grade + management expertise + geographic location. For me, it's important to look longer term and decide whether I think a deposit has an obvious advantage over the many other patches of land currently being drilled for lithium.

FYI I haven't spent a lot of time looking at the CRR drill program, so perhaps there are other areas of the deposit with more consistent thickness at depth - or in areas yet to be drilled.

(For disclosure, I don't hold GL1 but I do hold another lithium explorer in a similar position to GL1 - lower relative market cap and no JORC yet).

For context, I don't have a sentiment on CRR - just wanted to discuss the peg thickness at depth.

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GL1 price rocketed well before the infill drilling though. it might be holding its current value based on what you are suggesting though.

CRR Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $21.33M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$15.27K	1.272M

Buyers (Bids)

No.	Vol.	Price($)
1	30380	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	982140	8

View Market Depth

No.	Vol.	Price($)
1	30380	0.012
17	3501140	0.011
23	5547255	0.010
6	2602979	0.009
9	2928889	0.008

Price($)	Vol.	No.
0.013	982140	8
0.014	6108025	12
0.015	1838929	4
0.016	1151033	2
0.017	900000	2

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.1¢	158390
Last updated 15.53pm 02/05/2024 ?

CRR (ASX) Chart