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, copper, cobalt 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. It also owns a 100% undivided interest in the Saint Gabriel Project, which consists of Silica-based claims in the Bas-Saint-Laurent Region, Quebec, Canada. It also has a 100% interest in the Trout Lake Silica Claims, covering over 53 mineral claims in Ontario.

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Steadright Critical Minerals Inc

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Comment by cajoneson Apr 19, 2010 10:45pm

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Post# 17009255

RE: B & D Capital Partners

I'm confused - I thought the alluvial gold production was supposed to provide SCM with the capital it needed to fund future exploration and development of its projects. Getting in corporate finance advisors sounds like SCM is planning for more years of raising money?? Does this mean they have lost confidence in the alluvial gold production?? And why have we still not got results over 6 months after hard rock drilling started?? I'm getting really worried.

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