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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

Canadian Critical Minerals Inc > Interesting twist
View:
Post by reddog11 on Oct 04, 2023 10:02am

Interesting twist

If we can actually get going on Bull River, then this announcement is quite positive.
We still will have a 35% interest in a property at someone elses development cost.

There was no way we could raise the money to develop Thierry without huge dilution.
I dont think we paid much more than what we are receiving and still retaining the 35% interest.in this climate thats really good.

I really thought Bull River was dead. Guess not.
100 mil in infrastructure and nearly a free pile of ore at $15-20mil.

Will wait for Bull River now.

jmo

RD

Comment by reddog11 on Oct 04, 2023 11:54am
sorry...39% not 35%
Comment by greendayyyy on Oct 04, 2023 11:58am
Interesting news. Putting all efforts now on the flagship Bull River project has always been CCMI's priority. Will we finally have the chance to get the permits and get this project up and running? Will our patience finally be rewarded? Who knows. 
Comment by reddog11 on Oct 04, 2023 2:58pm
I realy thought Bull River was dead and the stock price reflected the Thierry asset. I am pleased with this as there was no way to develop Thierry or even drill anynmore without huge stock dilution. If we can get a permit then BUll River is a far better plan as the infrastructue and ore pile are free. The loan beiing cleared out is great also. Copper may idle here or go lower, but by the time we ...more  
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