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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

Steadright Critical Minerals Inc
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Comment by cajoneson Feb 12, 2011 10:35pm
465 Views
Post# 18124441

RE: RE: RE: RE: RE: RE: RE: RE: possible saving gr

RE: RE: RE: RE: RE: RE: RE: RE: possible saving grps. I wish I had done more research on Severstal earlier, if I had I would have jumped ship long ago when the share price was close to the $1.60 sale price. It seems as though this IPO has been in jeopardy for months now, and had been delayed quite a few times. This is obviously why they SCM closing kept getting pushed back, and why the SCM share price has been falling steadily for the past few months.  Obviously people with more knowledge in these areas put two and two together and bailed out, realizing that this deal was doomed. Do some more digging and you will find out that Severstal has a very chequered history.

However, I am confident that SCM has the goods and its SP will eventually push towards the $2.00 mark.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities