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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 767piloton Feb 11, 2011 2:02pm
375 Views
Post# 18118216

RE: RE: possible saving grace

RE: RE: possible saving graceI don't know the exact number but if you look at the recent MDA they had $800K in October plus a bunch of warrants that got exercised afterwards so my guess would be over $1 million even after cash burn over the past 4 months.

There is also the potential non completion payment of $2.75 million coming from Severstal which would top things up nicely.
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