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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 reddog11on Apr 12, 2022 11:43am
103 Views
Post# 34597128

RE:RE:RE:RE:RE:Thierry overview

RE:RE:RE:RE:RE:Thierry overviewHi Wayned, Yes, I missed that also. Reread the news release from April 4th. Here is the statement..

"The net initial capital required to restart the mine is estimated to be C$142 million (C$322 million minus C$180 million). The project has a payback of 3.1 years". 

A few posts back I listed the OEA metal prices vs now and the difference is huge.
I still love Ians take on how to get the bull run going to help finance Thierry with very little additional capital. That NEVER happens with most juniors. They get way in over their heads and the shareholderspay for it.

I also listened to an older interview where he was asked about insider ownership. It was aroun 33% and many had 1.5-7 million shares. Not a ton of money, but a substantial percentage.

Its been a long time since I have been this interested in a junior. I think Ian has what it takes.
SP is a bargain based on the cash flow coming and the value of Thierry, the real prize. That was a gift.

JMO
RD




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