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Canadian Critical Minerals Inc V.CCMI

Alternate Symbol(s):  RIINF

Canadian Critical Minerals Inc. is a Canada-based mining company primarily focused on two near-term copper production assets in Canada. The Company’s main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia, which has a Mineral Resource containing copper, gold and silver. It also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario, which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold. The Thierry Project is a past-producing copper and nickel mine located approximately 15 kilometers (km) west of Pickle Lake, Ontario. The property is approximately 4,700 hectares in size and contains a NI 43-101 mineral resource. Its subsidiaries include Bull River Mineral Corporation, Gallowai Metal Mining Corporation, Grand Mineral Corporation, and Stanfield Mining Group of Canada Ltd.


TSXV:CCMI - Post by User

Comment by Wayned52on Apr 12, 2022 10:56am
72 Views
Post# 34596844

RE:RE:RE:RE:Thierry overview

RE:RE:RE:RE:Thierry overviewHi reddog11  ,  a friend has pointed out to me that the PEA numbers are probably much better than I thought .   I re-read the report once again . In a long article like that it`s easy to miss the important parts . The restart will cost approx. $322 million but there will be cash flow in Q4 of the 2nd of 3 years of the restart . $322 is the 3 year price tag but take $180 million in expected cash flow from that .
So now it`s $322 - $180 =  $142 million .  There will be some extra costs the can`t be avoided but here`s something .   The PEA was done at a copper price of  $4.05   . For some time now copper has been bouncing between $4.60 and $5 dollars US .  That is a big difference and has ever possibility of going higher .    No wonder CEO Ian Berzins said in the nr , he is  ": extremely pleased with the results "
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