Aug. 18 at 7:33 PM
$EULIF While
$CRML is my largest and most certain position,
$EULIF is my potential biggest gainer.
I have been suspect of it, due the unexplained arbitrage, but the same spreadsheet that shows CRML over
$20 when production begins (appears to be reachable) also shows
$EULIF at 20x to 30x current price whenever that happens, if the gap closes, with 20x gains at .10 and 30x at .05.
Part of my hesitation on EULIF has been the worry that they are currently just a shell company with only a few mines in contested areas, and their BIG 60% position in CRML. But, these are the same people that created CRML and set it up for success in Tanbreez. I am quickly becoming confident in adding significantly and letting them do their thing.
Honestly, I think all we need to see is a huge buyback (easy at current price... by selling a small portion of their CRML shares), or a reverse split, or both. The 1.5B shares outstanding and penny-stock status are quite the anchor.