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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 Scorison Mar 19, 2012 3:09pm
324 Views
Post# 19691032

Absolute worst time to sell

Absolute worst time to sell

-in my opinion.

 

The last permit to bring Bishop Mill / Radcliff online is expected at the end of March. I think it's a HUUUUUGE mistake to sell now, but that's me...

 

CMC can go sky-high on permit news. That would bring CMC from 0 oz Au to 15 000 oz Au per year. CMC think they can be up and running in ~2 months after the last permit is achieved.

 

15 000 oz Au is enought to cashflow as much as the market cap !

 

From that day CMC will be a gold junior rather than a silver junior, although they will of course also have the silver cashflow.

 

If anything, people should be buying if they think CMC will get the lats permit. All I see point to that, they already achieved the water permit. This is one cheap stock.

Bullboard Posts