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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 May 14, 2024 6:21pm

Very Nice!

$72,445 from 362 WMT is awesome.
I know it was presorted but the existing stockpile is 180,000 tons.

If even 25% of that pile grades this well the Cash coming in will be very very nice.

180,000 x 25% = 45000
45000 / 362 = 124 x $72445 = 9 million.  Thats at 25% of the 180,000 tons

Maybe I'm wrong but that is very nice nearly free cash.

With copper rising even the 38% position in Thierry should start to factor into the share price.

Nice job Ian.

jmo
RD

Comment by greendayyyy on May 15, 2024 2:02pm
We have one of the best countries in the world for resources, but the government is closed to any new project in the country. Only the big projects get the go-ahead from Trudeau, and on the other hand it's the juniors who pay the price. Ian has been doing a superb job for several months now and I still believe that the permit will be granted.
Comment by reddog11 on May 15, 2024 3:49pm
It was a big move for Ian to sell off some of Thierry to get this ore pile moving and the timing has been ideal. I believe since it is a "Brownsfield" it will be granted also. My understanding is there is still a cost to finish the application. I keep going back to the ore pile and have for a year or two. If we can get 10 million out of it, and based on what we are receiving that is ...more  
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