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 > Me thinks Severstal could be the seller...

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Comment by ww07on Nov 12, 2011 9:49pm

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Post# 19232912

RE: Me thinks Severstal could be the seller...

Yeah, could be.I did some calculations and it seems like they are currently mining the high grade regions to please shareholders. If you have a look at the pits they surveyed the average grade per pit is quite low.So sure this will provide initial cash flow but it seems like dilution will come in the new year. (Dilution will be quite damaging to shareholders at this level.)Please DYODD.

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