Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

A Copper Junior Trading 55% Below Our Worst-Case Scenario

An updated Preliminary Economic Assessment (PEA) on the Thierry Mine project (Ontario) confirmed that the initial CAPEX can be lowered by 21%, by mining the upper workings initially, and deferring the construction of a shaft to access the lower workings.
FRC Research

As a result, the project’s AT-NPV6% increased 20% to $287M, with an attractive AT-IRR of 25%. We are raising our fair value estimate on this company from $0.39 to $0.45 per share.


This company has obtained an exploration permit. Management is planning a 5,000 m drill program to potentially upgrade and expand the current resource estimate.


A PEA on the Bull River mine is expected by May-June 2022. As the initial CAPEX estimate is very low ($6.5M), we are expecting robust economics.

https://www.researchfrc.com/wp-content/uploads/2022/04/BHT-April-2022-Update.pdf?utm_source=ActiveCampaign&utm_medium=email&utm_content=A+Copper+Junior+Trading+55++Below+Our+Worst-Case+Scenario&utm_campaign=Braveheart+Resources+Inc++%28TSXV%3A+BHT+%2F+OTCQB%3A+RIINF%29+-+Trading+55++Below+Our+Worst-Case+Scenario+-+Free&vgo_ee=eLkoaQ0QFwoR6N1zcB1IjQ%3D%3D