Steadright Critical Minerals Inc V.SCM

Primary Symbol: C.SCM

Steadright Critical Minerals Inc. is a mineral exploration company. The Company is engaged in exploration and evaluation of mineral properties. The Company holds an option on its RAM property near Port Cartier, Quebec within the Cote-Nord Region, which is accessible by route 138. The RAM project consists of over 13,000 acres and is located on an Anorthositic complex that is in a highly prospective geological unit, which is underexplored for nickel (Ni), copper (Cu), cobalt (Co) and precious metals. The Anorthositic complex consists of anorthosite, leuconorite, and leucotroctolite assemblages at its center, surrounded by a leuconorite, pegmatitic norite, and anorthosite unit. The RAM Property is roughly 29 km southwest of Port-Cartier, Quebec. The Company also owns a 100% undivided interest in the Saint Gabriel Project (the Property), which consists of Silica-based claims in the Bas-Saint-Laurent Region, Quebec, Canada.

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Steadright Critical Minerals Inc

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Comment by goldpigon Dec 29, 2009 2:09pm

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Post# 16623555

RE: RE: Junior Golds 2009/2010 valuation multiples

The more one looks over this undiscovered gem , the more undervalued it appears.
60,000 oz at an operating cost of $150 per oz adds up to cash flows of $1.50 per share.
They built the mine without debt and significant dilution.

This is perhaps the best buy among all of the glittering gold stocks and a great pik.

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