C3 Metals Inc V.CCCM

Its becoming increasingly obvious

[Totalmetalhead]

that C3 needs another management shakeup.  The exploration team in Jamaica hasnt produced much ofanything worthwhile for all the effort they have put into it. The only exception is when they drill previously known resources but they have failed miserably in efforts to find anything new. Attempting to find mineralization below 300m isnt the answer because no one will drive a shaft that deep these days.  We need to start exploring the other known yet untested targets on the property.

Additionally going to Peru was a very big stretigic error because they failed to recognise the social antimining climate that existed long before. The proof is in the results of the maden resource that failed to get any stock attention whatsoever.

[lptuf93]

Couldn't disagree more regarding the deep comment surrounding. All the larger, potential tier 1 deposits these days are found deeper than 500m. Can't tell you how many countless small caps have moved because they've hit deep, long intercepts. Proves the thesis of a larger system at play if they've already uncovered shallow prospects. Case in point is LGC this week. Completely

[lptuf93]

And look at that - CCCM just announced 286m @ 0.37% Cu & 0.21g/t Au with assays for 130m pending (copper sulphide mineralisation logged) so likely looking at a 400m+ hole which is part of shallow campaign. Confirmed that 1st deep hole extended from planned 450m depth as mineralisation still visible at 615m so still drilling. They've already said they'll run until there's no more

[Totalmetalhead]

What do they plan on doing with this? Bait a hook and see what or who they can catch with it? Seems to me we'll need at least 50 more like this to establish a quantifiable resource. Meanwhile we ignore known higher grade locations for low grade speculation. We have been at this for over 11 years and still no defined resources of any kind. 

[lptuf93]

What do they plan on doing with this? They're drilling out the shallow target using the inexpensive man portable rig, testing the limits both in depth but more importantly length. They won't need 50 holes for the resource but it will be a cheap campaign to convert this to resource because of the rig they're using. Montana De Cobre was a 600m x 650m body x ~100m thickness (between 50

[lptuf93]

Up over 100% since the announcement. Hopefully, they can continue the momentum over the coming weeks & months with more positive drilling announcements  The market is ultimately the most important arbitrator and it likes what it sees.

[lptuf93]

Recent hole terminated in an epithermal vein grading 1.27% Cu & 4,090g/t Ag (equivalent to 48g/t Au). Hole by hole they're building a really good understanding of the sub-surface geology.  Renmark interview on 11/10/23 at 35:30, on the topic of what they think given the first few holes - "if this is all converging underneath Epidote Ridge, we're going to be north of 1billion

[lptuf93]

Recently announced a $7m raise at 7c which they just upsized to $8.05m. Incredible demand and no warrants either so holders will likely be sticky. Dan always said they had 20,000m worth of targets so the current 8,500m campaign will be increased to 20,000m with this additional financing. Looking like we'll have operational drilling news now until June 2024. The man portable rig has been an