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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
Comment by dubious_oneon Apr 28, 2012 11:03am
160 Views
Post# 19847760

RE: From 2500 tons to 114.1 tons??

RE: From 2500 tons to 114.1 tons??

bah, yeah, pretty slow movement on the bulk sample. I wouldn't rule out out that the 1500 isn't still in play, likely just can't state in quantifiable amounts considering the shrinkage of the 174t by 65% to 114t.

if even 1,000ts at 2-3k g/t due to lower grade, that's another $3-4M CMC is sitting on - I may be giving too much benefit of doubt but have re-adjusted to very conservative estimate.

per april 17 release: the remainder of the 2011 bulk sample is waiting to be prepared for costumer specifications. The Company will report the sale of the remaining bulk sample once the specifications have been determined.

Bullboard Posts