Chibougamau Independent Mines Inc V.CBG

Alternate Symbol(s): CMAUF

Metals & Mining Industrial Metals & Minerals

Chibougamau Independent Mines Inc. is a Canada-based natural resources exploration and development company with properties located in the area of Chibougamau, Quebec. The Company is focused on finding economic mineral deposits and reviving production in the Chibougamau mining camp. The Company holds approximately 12 exploration properties. It retains a 2% Gross Metal Royalty (GMR) on all iron and vanadium produced from the Mont Sorcier property. Properties included in the Chibougamau Mining Camp are Baie Malouf, Bateman Bay, Berrigan Mine, Berrigan South, Buckell Lake, Copper Cliff Extension, Grandroy, Gwillim, Kokko Creek, Lac Antoinette, Lac Chibougamau, Lac David Sud, Lac Elaine, Lac Simon, Mont Sorcier, Nepton, Quebec Chibougamau GoldFields and Virginia Option. The Bateman Bay gold-copper-silver (Au-Cu-Ag) mine & two former mining blocks constitute the Bateman Bay property, which is composed of approximately 15 mining claims totaling 353 hectares that are owned by the Company.

TSXV:CBG - Post by User

Chibougamau Independent Mines Inc > My bet is that CBG is already easily into the 20's by PDAC..

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Comment by radar17on Feb 27, 2017 8:01pm

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Post# 25902298

RE:RE:RE:My bet is that CBG is already easily into the 20's by PDAC..

To behonest CBG isn't the worst I've seen GoldenR (aka jimrockford) pump. By a long shot. They've actually got some funds in the kitty to work with, most of the garbage he pumps are actually flat broke. And your share structure isn't too bad. Your downside on CBG is the grade/thicknesses are nowhere near where they'd have to be to make this play economical. Not even close from what I can see.

Good luck and give Galgo a pat on the head for me.

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