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Bullboard - Stock Discussion Forum 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... see more

TSXV:CCMI - Post Discussion

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Post by reddog11 on Sep 09, 2022 10:42am

Thierry Value

Looking at BHT another way. The stock price produces a net market cap of about 11.5 million Canadian. What could BHT sell Thierry for? Thierry is a "brownsfield" past producing mine and needs about $140 million to open. Thats about 1/2 -1/3 the cost of opening most mining projects.

It seems that if Bull River was denied BHT would own Thierry only. The resource has proven to hold more Palladium and Nickel than first thought as well as a huge amount of copper. Would Thierry alone be worth $11.5 million? I dont see how not.

Point is, the stock price is reflecting (2) scenerios. (1): Bull River is valued at 11.5 million (ore in stcok pile is 20 million) and Thierry is wirth zero. or...(2) Bull River is worth zero and Thierry is worth 11.5 million. Both scenerios are showing BHT value far below the realities.

still buying near bid when offered to me.

jmo
RD
Comment by Wayned52 on Sep 09, 2022 2:34pm
I am always tempted to use Copper Mountain , CMMC , just up the road from us near Princeton BC as a model . It is hard to make a fair comparison because CMMC is a producer . I am not going to recite facts and figures that nobody will reads anyway but I will throw a few ballpark figures out there . It gives some idea how explosive BHT could be if only we could get our permits .   Both ...more  
Comment by reddog11 on Sep 09, 2022 2:51pm
Thanks Wayned, Appreciate the info. RD
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