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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 Apr 18, 2012 2:41am
296 Views
Post# 19806029

Shouldn't be long now

Shouldn't be long now

CMC can't do much about the waiting time at BLM but it should not be long now. They have all the info they need and CMC already got all the other permits including the water permit that ususally is hard to get so I think the chance is REALLY high for achieving the last permit.

 

CMC could easily double the weeks after a positve outcome. It will take them from 0 oz Au to 15 000 oz Au (50% of 30 000 oz Au from the JV) anually. That will translate into net cashflow at the same level as the MCAP today. And then I haven't even looked at the cashflow from Silver Hart bulk samples.

 

As I said before, when/if they get the last permit CMC should be viewed as a gold company rather that a silver company. The cashflow from Bishop Mill/Radcliff will dwarf that from Silver Hart.

 

Good luck to all !

Bullboard Posts