Commerce Resources Corp V.CCE

Mike Kachanovsky spoke wirh Chris Grove

[thairat]

I was able to speak with management today for an update. Chris was in Nunavik last week for a 1st Nations event and met with local leadership to discuss important developments. He still feels that there is strong support at the local level for development of Ashram and this adds to the clout of having the Quebec Government investment as a shareholder of CCE as well. Getting a letter of support from the 1st Nations would also help to secure a commitment to build a road spur closer to Ashram, which could save hundreds of millions in Cap-Ex, and could then subsequently have value to attract a senior development partner to the project. So the last year or more of working to build local support and move ahead to get a LOI supporting Ashram is a big deal. Chris believes that the main issues are close to be resolved for this, and that it could happen within weeks.

My opinion is that it will take some concrete investment (pun intended) at the Provincial level to put Ashram back on the front-burner as a development candidate. I also think getting a road started to the northern communities would be a big boost for the region and therefore it should tie in nicely with the sentiment to build stronger communities in the north and increase employment opportunities.

CCE has been at the chicken-and-egg status for more than a year. They have an advanced project with development potential that should be of interest to all industrial REE consumers. They need support from these industrial consumers, with a direct investment to allow CCE to pay for studies that confirm feasibility and will help to attract more investment at the development end. But the industrial consumers do not want to put any money on the line until they have the studies in hand to prove viability...   

Getting a positive letter confirming 1st Nations support will help. A Provincial road commitment linking the project would be enormously positive. Securing a project-level investment from a major would do the trick. Or even getting a smaller investment from a large industrial conglomerate to buy a few million shares of CCE would also be very positive. There are catalysts that can move this stock to a new higher range. I know Chris has been trying to accomplish some of these objectives for a long time and perhaps we are going to see at least one of these catalysts happen this spring.

I continue to hold my share position that I have owned for several years. CCE runs a paid ad supporting this website.
cheers!
mike

https://forum.mexicomike.ca/viewtopic.php?style=20&f=2&t=12167&sid=ecb938ea0bddbb880c6e0b4facbb8330#p217602