Commerce Resources Corp V.CCE

Alternate Symbol(s): CMRZF

Metals & Mining Industrial Metals & Minerals

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company’s primary focus is on rare earth elements (REEs) and the rare metals tantalum and niobium. Its principal assets are the Eldor Property in Quebec and the Blue River Tantalum-Niobium Property in British Columbia. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. The Blue River Property, located in British Columbia, Canada, is host to the Upper Fir Deposit. The Upper Fir Deposit is located approximately 30 kilometers (km) north of the town of Blue River and is owned 100% with no underlying royalties. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.

TSXV:CCE - Post by User

Commerce Resources Corp

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Comment by thairaton Feb 05, 2020 12:19pm

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Post# 30646453

RE:CCE's fluorspar is worth USD 10 Billion!!

AllDutch1234567 wrote: The Ashram contains about 20 million tonnes of Fluorspar in total. At a price of USD 500 per tonne this would create a revenue stream of USD 10 billion over the lifetime of the mine.

https://www.youtube.com/watch?v=aJntZtXM-f8&feature=emb_title

How does CEO Chris Grove come up with this 20m tons of Flourspar concentrate?

Chris Grove's answer:

Hello Xxx:

I am well, thank you.

We were all struggling with the flu for a good part of the last couple of months, but we generally are fine now.

Thank you for passing along this question from this investor.

In terms of our calculation of ~20 M tonnes of fluorspar, when we have assayed the +15,000 meters of core that made up the resource calculation we have at this time, we have assayed for both the REE’s and fluorine. Then there is a standard calculation for equivalency of fluorspar and this is the percentage average that we have published in our current resource.

Then I have averaged our fluorspar percentage to be ~7% of the ~250 M tonnes, and this is how I came to ~20 M tonnes. Yes, you might argue that I am being a little generous in that 7% of 250 M tonnes is actually 17.5 M tonnes and so I have rounded up perhaps a little generously.

One of the reasons that I have allowed myself to be a little generous is that in the results attached we have encountered very good intersections of +11% fluorspar, and that is very exciting.

I hope that I have answered this question to this investor satisfaction. What I am trying to point out is that there is no guesswork here – this is highly detailed analysis of all drill core and that is also why it is so expensive.

For example, we just spent over $100,000.00 CAD to assay the last 2,000 meters that we drilled on the Ashram, and of course those are the most recent results we released late last year (attached).

As I said, this is not guesswork and the Canadian system is the most demanding on planet earth, and of course we have also now drilled an additional 9,700 meters that will be added to the new resource where we expect to see a slightly larger deposit, a slightly higher grade and also slightly less waste rock than was modelled in the original resource.

Best regards,

Chris Grove

https://www.commerceresources.com/en/news/commerce-resources-corp-assays-3-02-reo-over-28-4-m-in-drill-core-from-the-ashram-deposit-quebec

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