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CMC Metals Ltd V.CMB

Alternate Symbol(s):  CMCXF

CMC Metals Ltd. is a Canada-based growth stage exploration company. The Company is focused on opportunities for high grade polymetallic deposits in the Yukon, British Columbia and Newfoundland. Its polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy and Silverknife claims (British Columbia). Its polymetallic projects with the potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon). Its flagship property is the Silver Hart property, covering over 116 claims, 2,017 hectares, located in the south-central Yukon. It has an 80 % interest in Blue Heaven Property, which consists of over 121 contiguous mineral claims located in southern Yukon. The Silverknife Property comprises two mineral tenures covering approximately 538.3 hectares. The Amy claims comprising 16 mineral tenures (approximately 908.4 hectares) cover part of the Cassiar Batholith.


TSXV:CMB - Post by User

Bullboard Posts
Post by ventureveston Mar 31, 2014 11:17am
181 Views
Post# 22390020

I agree hans

I agree hans
I think   that Mike is  selling   some  and  using the   cash to exercise  wts  to  avoid  another  financing....   This  is  cash crunch  time  with the  work on the  mill   consuming  funds,  the   settling  pond  construction  and   mining  costs  at the  radcliff ramping  up  production.

If   we avoid  another  financing at  this  level  I  have no  problem  with  Mike  using  the  increased  volume  opportunity  to   exercise   his  wts.... JMHO

A  short monthly  update  would   add confidence that   progress is being  made .
Bullboard Posts