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 767piloton Feb 11, 2011 3:00pm

399 Views

Post# 18118830

RE: RE: RE: RE: possible saving grace

I guess you don't know the story very well...........

They have roughly a million ounces of gold proven with potential for 2 million plus. Large investors and/or senior mining companies usually value gold in the ground between $40 and $80 an ounce. Using the low end valuation that is worth at least $40 million regardless of their cash position. Since they have cash they will be able to operate until the market comes back to some sort of reality and the stock trades at 75 or 80 cents.

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