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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 Apr 18, 2012 11:11am
280 Views
Post# 19807395

CMB compared to ASM

CMB compared to ASM

I just don't  get it....  ASM  trades  at $50 million  market cap  based  on  producing a  concentrate  only 70%  as  rich  as  the   RAW  ore  from the  CMB  bulk  sample....  Both  samples  are  aproximately the  same   size... CMB  about  14,600 oz   and  ASM   about  17,000  oz... The  difference  being the   17,000 oz   @ ASM  took  14,600 tones  of  ore  to produce   176 tones  of  concentrate... Go figure!

From ASM  NR:

Milling

Milling operations have continued with the processing of the old Avino ET stockpiles at the rate of approximately 180 tonnes per day. With more than expected mill feed available from old stockpile tonnage, the mill has been operating seven days per week, 24 hours per day, since the beginning of March. The company will continue with this mill work schedule unless there is an issue with the quantity of mill feed. For the first quarter, the mill processed an estimated 14,600 tonnes of feed material, producing 176 tonnes of concentrate grading approximately 3,169 grams per tonne silver and 39 g/t gold with minor amounts of copper. Proposals are being solicited for the sale of this concentrate.

Bullboard Posts

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