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by Will Purcell
The critical and specialty minerals stocks box score on Monday was a mediocre 72-108-130 as the TSX Venture Exchange fell 20 points to 1,031. Alphamin Resources Corp. (AFM), which has been mining high-grade tin at Bisie in the Democratic Republic of the Congo for several years now, lost eight cents to $1.25 on 4.84 million shares in silence today. (When working in the eastern DRC, where murder and mayhem can break out at a moment's notice, silence is golden.)
Robert Rosner's CAT Strategic Metals Corp. (CAT) was unchanged at one cent on 225,000 shares. The company has completed its acquisition of an option allowing it to earn a majority interest in a district-scale -- a highfalutin term for moose pasture -- rare earth elements project, 80 kilometres east of Kuujjuaq in northernmost Quebec. CAT Strategic has already issued 33 million shares with a deemed value of nearly $500,000 to the vendors. It must also pay $175,000 annually for three years and must spend $500,000 on exploration to earn its 80-per-cent interest in the project. The vendors will be dead weight, as CAT Strategic has agreed to carry them to a production decision, and grant them a 3-per-cent net smelter return royalty.
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