Ann: Quarterly Activities Report and Appendix 5B Mar 2021, page-10

CRL is positioned to provide great value on their current project, with the caveat of them getting through the current hurdles.



I got into a starting position early last year when they announced the Barraba project based on the data provided, with the full intentions of adding as they further prove through modern exploration program the copper on ground.

It doesn't surprise me if the market is pricing in a huge uncertainty on the Native title Permitting.

Below is the Jun 2020 quarterlies


And then subsequently in a 26th November release




And clearly with no update on that front, and the latest quarterlies has confirmed this is now up in the air



The Native Title Act that came into effect is different from your usual land rights permit. It is usually a much more rigorous process to get permit subject to a lot of conditions and consideration.

The BoD of CRL consists of experienced deal makers that has been been around the industry for awhile. I've followed Alex from his days of PDN, and David through his unfortunate tenure at Red Fork. I'm hoping through their experiences they can find a malleable solution to this unfortunate delay as the Barraba copper project will truly unlock a great speculative return for CRL shareholders.

This surely would have eaten into the delays working out the Santa Teresa projects as well as they are perhaps a quarter or two behind on it + Covid restrictions.

The optics of these delays, in addition to the last strategic raise, surely has put this on a huge down trend. FWIW, I knew some of those that got hold of the strategic shares and they were more than happy flippers than they are long term investors. Happy to have flipped it to the strength of the SP for that week when it was still on the uptrend. It's pretty disappointing that they couldn't find proper soph investors that is willing to hold onto the shares as the share structure is loose



As it stands, the Barraba permit has now become a binary event akin to a biotech results. The projects of CRL offers great opportunity for speculators in the space of copper and gold as I strongly believe the copper uptrend will continue ($4.20/lb), and as the new gold cycle kicks in.

As with any speculative stock, the greater the risk, the greater the reward. At these price points, the market is pricing in CRL's graphite, gold, and copper very generously cheap. More patience is required and watch for games to be played as bots/brokers are consistently pushing the price down at the end of day. I'm a happy buyer at these levels and let's see if the downtrend gets broken this coming quarter through any positive news out of Santa Teresa.