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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, 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.


CSE:SCM - Post by User

Comment by cajoneson Oct 20, 2008 4:08pm
499 Views
Post# 15536165

RE: What's up with SCM ???

RE: What's up with SCM ???I'm not sure exactly what's going on, but there should be drilling results within the next couple of weeks for both Million Mountain and the Northwest Project - maybe it's worth sending an email to their IR guy to find out when they expect the results.

SCM lost 25% in one day because of general panic in the markets. On the positive side, the company is full of cash with which it can keep up its exploration activities - it's in a much better position than many juniors out there, and with proven resources already in the ground plus the additions that are on the way, this is actually a pretty damn good buying opportunity...and some general confidence appears to finally be returning to the venture exchange....


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