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Bullboard - Stock Discussion Forum Canadian Critical Minerals Inc V.CCMI

Alternate Symbol(s):  RIINF

Canadian Critical Minerals Inc. is a Canada-based mining company. The Company is engaged in locating, acquiring, and exploring precious metals in Canada. The Company is advancing exploration and development of its two primary copper projects in British Columbia and Ontario. It holds a 100% interest in Bull River Mine project located in Cranbrook, British Columbia, which has mineral resources... see more

TSXV:CCMI - Post Discussion

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Post by reddog11 on Nov 17, 2023 8:07pm

Scenerio

I have been thinking about the stockprice a lot and trying to understand how such an insane price can exist. I suppose its because I know about the 100 million infrastructure and the 30million ore pile.

If no permit is issued then the100 million infrasturcture is moot.

If, however a permit is issued, my best guess is that a buyer ( New Gold) instantly emerges and CCMI is bought out for about, which Im guessing would be maybe 30 million, or $.15 / share.

(ore pile and infrasturcture anda piece of Thierry)

My guess would be the company that owns the processing plant ( New Gold) we will be delivering ore to.
Yes, Bull River is not very large, but it is very close and such an insane value.

I have lost most excitement for CCMI to make it alone and hope actually a scenerio like this occurs.
The permit is the key and so so so sad that any group can have such a strangle hold.

jmo

RD

Comment by jleer42 on Nov 17, 2023 10:37pm
I don't think the stock price is moving until there is money coming in monthly from the ore pile. It is incredibly thinly traded now. I bought more stock at 0.03 and a little at 0.025 and was the major purchaser for several days with tiny trades. Just wait and see, very little buying or selling.
Comment by reddog11 on Nov 18, 2023 12:59pm
I think at $.025 buying CCMI is a no brainer. Once the actual value of the ore is established I coud see New Gold buying Bull River. New Gold is a billion dollar market cap and with a double of our stock price would cost them $12 million. Nothing. ..and get the a double on the ore pile and the mine at Bull River with 100 million in infrastructure for free....and 39% interest in Thierry. Base on ...more  
Comment by GSchumway on Nov 20, 2023 3:33pm
I don't think New Gold would want CCMI as it's too small of an operation for them.  Also, CCMI company insiders own 19% of the stock with the remaining 81% being alot of long term investors.  Neither the company insiders or the long term investors would be willing to sell out for a small profit.   Also . . . what "if" the mine claim area has other inferred ...more  
Comment by reddog11 on Nov 20, 2023 8:59pm
Its not about Bull River beung too small. I agrree. However at $.025 its easy money for any other miner with cash. Its a daily double wuth zero effort. I dont wish to sell out to someone else, but I dont wish to be at $.025 either, yet here we are. RD
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