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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 baystock1on Apr 18, 2012 11:22am
244 Views
Post# 19807484

RE: RE: SCM- wow

RE: RE: SCM- wow

>>Estimated cash operating costs per day, including direct production costs plus indirect costs associated
with the alluvial program are US $3,206 / operating day. These costs, in addition to actual known costs,
include a projection of certain periodic costs, including replacement of wear metal, replacement of pipe
and fittings due to attrition through operation at design rates, and maintenance and repair projections for
pumps and heavy equipment. Actual experience over a protracted operating period may vary.

 

Sounds like the drilling division is doing well, the alluvial is adding cashflow of about 3 or 4 thousand dollars  per day operating.<<

 

Sorry to wake you up from your dream, but it is $3,206 in costs per day as in expenses. This is NOT cashflow but an expense.

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