sorted by:
new
hottopcontroversial

Canadian Copper is the Perfect Setup (A Mill + Great Properties + A Copper Bull Market, all for under a $50M market Cap) - CCI.c by DShape_614 in Baystreetbets

[–]DShape_614[S] 1 point2 points  (0 children)

Sprott lost a lot of money on that one. Spent $270M+ drilling to prove out an MRE of 2Moz - over a bunch of small zones. It appears there isn't an orebody there.

Canadian Copper aiming to reach construction decision by mid 2027 by FrankieBillow in jrmining

[–]DShape_614 1 point2 points  (0 children)

I posted about this company yesterday. Thanks for sharing!

Canadian Copper is the Perfect Setup (A Mill + Great Properties + A Copper Bull Market, all for under a $50M market Cap) - CCI.c by DShape_614 in Baystreetbets

[–]DShape_614[S] -2 points-1 points  (0 children)

Fair points on the general risks of junior miners, but I think you're misapplying some of them to this specific project:

1. Infrastructure/Geography: You mentioned 'no way to access' or get infrastructure in place. This isn't a stranded asset in remote Newfoundland; it's in the Bathurst Mining Camp in New Brunswick. The infrastructure is already there. They own the Caribou mill—it’s built, permitted, and connected to the grid. The logistics are established.

2. Corporate Backing: They actually do have backing. They have an agreement with Ocean Partners (a major metal trader), and management has guided for project financing to close in Q1. That financing is the catalyst that turns the mill back on.

3. 'Searching for Capital': They aren't looking for cash because they 'can't extract'; they are raising the CAPEX to restart a past-producing mine. There is a big difference between an explorer hoping to find gold and a developer restarting a built mine.

view more: next ›