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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.


CSE:SCM - Post by User

Comment by epiphany2on Jun 05, 2014 12:30pm
253 Views
Post# 22633727

RE:RE:RE:RE:RE:RE:Company's Latest MD & A on Sedar

RE:RE:RE:RE:RE:RE:Company's Latest MD & A on SedarYou sound a lot like me about 30 cents a share ago. lol The information you provide has been in the public realm for a long time, and the market has responded with a 4 cents a share valuation. Why? IMHO, it rests on credibility. Yes,  the slide in gold prices has has an effect, and the market's abhorance of small caps is affecting a lot of similar companies, but the lack of credibility has pushed the share price to pocket change. If credibility is lost, it generally takes time and important new information to change one's opinion.

I do hope you are right because I still hold some shares, but a look at the charts on this stock show the stock price movement in one direction only- downward. The good news is that the stock can't fall much further.... but that's only because you can't go below 0. Of course, we could have a share consolidation, and do it all over again. lol

Only time will tell, but time isn't on a small cap company's side.
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