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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 polymetallic deposits in Mexico, Yukon, British Columbia and Newfoundland. The Company's silver-lead-zinc polymetallic projects include Gavilanes Silver-Gold Project, Silver Hart Property, Blue Heaven Property, Rancheria South property, Bridal Veil Property, Amy and Silverknife Properties, Terra Nova Property and Rodney Pond Property. Its Silver Hart Property is located in the south-central Yukon and consists of 116 claims covering over 2,017 hectares. The Blue Heaven property consists of 121 contiguous mineral claims located in southern Yukon. The Rancheria South property lies south of the British Columbia-Yukon border. Rancheria South comprises of 12 mineral tenures covering 2008.32 hectares. Its Silverknife property comprises two mineral tenures covering over 538.3 hectares. The Amy Property lies eight km to the west of the Silvertip Mine complex.


TSXV:CMB - Post by User

Comment by shawshank2on Jun 25, 2020 9:16pm
76 Views
Post# 31193239

RE:RE:RE:RE:Whats the deal here

RE:RE:RE:RE:Whats the deal here
brutus2005 wrote:
shawshank2 wrote: Getting a mine approved takes a lonnnng time and lots of money. And the biggest barrier is first nation cooperation


Perhaps, but the fact the Yukon was willing to put up $240K of funding for exploration and pre-development work, tells me they support this project and have the company's back at this stage.



Although the money is good it doesnt work like that. The majority 200k or so was for the road to be built which will benefit the reserve as well. 40k is for exploration. The drilling results were a mixed bag as some holes didnt yield any minerals so there will still be alot of drilling needed to see if mining is worth while. Also to get a mine approved can take many years and often a prefeasibility study. If any environemntal issued are brought up it could take years longer. Finally first nations can also add a whole complicated dynamic. One chief may have support but if a new one is elected all of a sudden you could have a roadblock one day. They will want a cut as well so who knows. This is still trading fairly high for the many risks ahead almodt double the recent private placement. Still many seasons of drilling are needed to see if the property is worth anything
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