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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 Oct 21, 2022 6:44pm
123 Views
Post# 35040279

RE:Positive news again

RE:Positive news again  Once again Ian has been able to pull a rabbit out of his hat to avoid shareholder dilution . This is the 3rd time .  99% of other junior miners would have thrown us under the bus long ago . Aaron Matlock did us a huge favor with his loan conversion and the terms are very good for us .  Ocean , our concentrate buyer , has twice bailed us out . They seem to understand we have been handcuffed and they want us to start producing . Any bank would have closed on us and sold the whole works for peanuts . So we survive another day .   That interest rate seems high but if we can get things going we won`t owe it or at least not as much as might be .    It would be a shame to sell the stockpile but not the end of the world . As reddog said we basically got it for free . If we can use it to pay the bills lets go for it .  
      Mining right now is very tough for everybody .  Even if we do get rolling it could take a while to see that reflected in the share price . That`s what investing is about . Not for those with a weak stomach .
I told Ian I have held a very good gold miner for a long time that has a terrible share price . It has a pile of cash . no debt , a brand new mill and another one sitting on high grade and it gets no credit for any of that . It trades for less than the cash .  That`s mining .  For now all the high rollers want crypto and they don`t seem to mind getting slaughtered .   
   We got very lucky today I think .
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