long story short The decision to postpone for what reason was a good one based upon todays Silverprice movement. For the newbe's, this is still in the pipe and Scoris has made it already clear that CMB will be more a gold company than Silver :). However this is a nice SILVER extra to start the year with ;)
No suprice that I'm back in and from the 30K bought only 13K visible. Good to be back!
Would the company release anything concerning this Silver before end of March(Based on conversations with the BLM, it was stated that the review should be completed prior to the end of March, 2012)
Furthermore, the Company is awaiting confirmation of the sale of the Direct Ship Ore that was part of the 2011 bulk sample taken at the Silver Hart property and may wait to the new year as silver prices improve. Also due to contractor delays in getting equipment to process the remaining bulk sample plus the change in weather, it was necessary to halt any further processing. The continuation of preparing the 2011 bulk sample will occur in the spring of 2012
A total of 116 ore bags are ready for shipping for an estimated 174 tonnes. The Company is waiting for confirmation of the initial test shipment to our customer once the terms and conditions have been finalized. The Company will continue to process the remaining 1,500 tonnes of lower grade ore for shipment over the next few weeks.
The sample mean of the 15 samples demonstrated an average grade of 13 percent lead, 24 percent zinc, 0.79 percent copper, and 5,000 grams per tonne silver.