CMC Metals Ltd V.CMB

Alternate Symbol(s): CMCXF

Metals & Mining Industrial Metals & Minerals

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

CMC Metals Ltd

Bullboard Posts

Comment by babyofbullionon Apr 18, 2013 6:02am

151 Views

Post# 21269056

RE: RE: RE: Finances of CMC

Hi Para,

Yes it's the juniors with no cash that will get killed and while CMC have lots of silver and gold ore ready to sell, they still have yet to monetize them.

Regarding the silver, we still have not heard if the Chinese buyer has received delivery and sent payment, or even if CMC initiated a full shipment.

Regarding the gold, there was talk of selling the ore to a neighbouring mining company considering the BLM have been so slow to grant the permit for CMCäs own mill.

In order to avoid dilution we need to monetize the silver and gold that we already have.

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports