Replies to post #138 on Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

Couloir Capital Initiates Braveheart Resources coverage BUY price target $0.21

Investment Highlights
• Braveheart Resources Inc. (“BHT”, “the company”) is a base metals explorer with a focus on projects in British Columbia (“BC”) and Ontario. It has two polymetallic-copper mines at the development stage and is targeting near-term production.
• BC Copper Mine with Near-Term Production Restart: At BHT’s Bull River Mine, the company are looking to restart copper production from the existing mining infrastructure, with low-cost cash flow generation being targeted within the calendar year.
• Developed Copper Asset in Pickle Lake: At the Thierry Mine, a historical producer with currently flooded underground workings, BHT has recently announced a positive Preliminary Economic Assessment (“PEA”), further shoring up its development portfolio.
• Flexibility on Debt Servicing: Despite the large debt held by the company, we believe the weak solvency picture is offset by the willingness of creditors to reach agreements with the company and support its mine development.
• Based on our analysis and valuation models, we are initiating coverage on BHT with a BUY rating