Canadian Critical Minerals Inc V.CCMI

Bull River Mine existing mined ore body value

[reddog11]

The following is my best understanding of the Bull River Mine existing ore pile.
Its a big deal. This is NOT a tailing pile.

CCMI is applying for two permits.
Phase 1 and Phase 2. Phase 1 is to reclaim the existing ore pile and Phase 2 is for underground mining.

Existing ORE pile:

iI have reviewed the information about Bull River on the website. Im certainly NOT an analyst and I could be reading the information wrong, so do your own research.

Speaking very basically:
For ease of basic copper value I have NOT included any of the gold / silver / other base metal by product.

Table 14.1 of the Technical report shows at a cutoff of .9 % copper the mine has 2,261,000 Tonne of material with a copper content of 89,545,000 pounds of copper. Using this data then each tonne of material will contain about 39.6 pounds of copper. At $3.50 copper each tonne is worth $138.60.

Table 9.1 and 9.2 of the Bull River project mine description shows a cost of $27/ pound operating cost of each tonne of existing material. $138.6 - $27 = $111/tonne would be the return to the company.

There is 180,000 tonne of existing ore already on site.

180,000 x $111 = $19,980,000 value in the existing ore pile.

Table 9.1 of the Bull River project mine description shows a capital cost of $6.5 million to get the existing ore processed. $19,980,000 - $6,500,000 = $13.5 million complete value to the company.

Currently the ENTIRE market cap of CCMI is less than the $13.5 million which is absolute  value to the company.

Value the underground Bull River resource as $0.
Value the Thierry mine at $0.
Value all the existing infrastructure of Bull River at $0.
...and the pure value of the existing ore pile ONLY is $.06 / share.

Again, I did not include ANY gold / silver by product.
I also used $3.50 copper. Currentlty around $4.08.

I just find this so compelling.

CCMI is arranging for a reconnect of power and with the latest news as of yesterday I find very little reason CCMI does not expect a Phase 1 permit.

All of the above is no guarantee, so do your own research.
I hope I can help other frustrated share holders to step back a bit and relook at this company and their resource.

jmo
RD

[jleer42]

Thanks for sharing your analysis Red.  I agree, the raw mined ore is what makes this less risky than other non-producing brown fields. I like Ian and the mine potential, but the mined ore is what has kept me invested. It has always been a dice roll for me, but I thought it would be to the moon or bust long before now. It will be interesting to see what happens with the stock on Monday.

[reddog11]

jleer42, Boy, me also about the timing. Its really odd that with governments wanting critical metals the bureaucracy still dictates to a company demise. I can not guarantee any permit, but its obvious CCMI is relatively sure its coming. as far as impact on share price? Ha. I would bet nearly nothing. We need a permit. RD

[jleer42]

Well today was dissapointing, Just over $300k shares traded for around $15k and no SP movement. Bid actually dropped a half cent at close. At least my O&G provided some excitement today.

[reddog11]

Just no interest at all. Really frustrating. RD

[jleer42]

I am hopeful at somepoint it gets permitted and then there should be a flurry of interest. As it is, whenever I want, I can still pick up cheap shares. Speculative though, I invest knowing it could go to zero. I don't see that happening, but it keeps my investment small.