Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

Fundamental Research initiating coverage BHT - C$.32 fair value

November 4, 2020 Braveheart Resources Inc.(TSXV: BHT / OTCQB: RIINF)Advancing a High-Grade Copper Project to Production for Just $6.5M –Initiating Coverage
We are initiating coverage on BHT with a BUY rating, and a fair value estimate of $0.32 per share.

We have identified the following key upcoming catalysts:
•Funding of Bull River’s CAPEX.
•Permitting.
•Closing of the transaction with Cadillac, followed by an updated PEA. Risks

The following risks, though not exhaustive, will cause our estimates to differ from actual results:
?The value of the company is dependent on commodityprices.
?Financing and potential for share dilution.
?Permitting risks.
?Exploration and development risks.
?There is no guarantee that the company will complete the transaction with Cadillac.
?The Thierry mine is a high CAPEX project.

We rate BHTshares a Risk of 5(Highly Speculative).