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THE CRITICAL INVESTOR NEWSLETTER #68

Dear subscriber,

Although the general sentiment for junior miners has turned for the worse, especially for lithium juniors as the spot price for lithium prices is sky-diving (this determines lithium sentiment unfortunately, notwithstanding the fact that long term contract prices are at all time highs and keep rising), Cypress Development managed to raise a heavily oversubscribed C$2M at 22c, which was impressive. They also closed a deal with Dajin which involves the obtaining of the much needed Nevada water rights. As the current market cap stands at a very low C$14M compared to their post-tax NPV8 of US$947M at US$10,500/t LCE, it must be one of the biggest disconnects between market cap and project value that I know of. Of course management has to test metallurgy on a commercial scale which is the biggest question mark, but so far testing has indicated that Cypress has a good chance of succeeding, so in my view the current valuation seems too harsh. Read more about it here:

Cypress Development Cashed Up: Metallurgical Studies Underway And PFS Expected In Q1 2019

Regards,

The Critical Investor

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