Constantine Metal Resources Ltd V.CEM

RE:Resetting expectations

[anon3]

With reference to the upcoming catalysts being the maiden PEA and the spinout of the gold assets, it would be wise to take into consideration the following elements, with implications on the PEA, the barite component , put forward as an important co-product during the May MIF presentation and related interview and valuated at 3,5% ZnEq on a NSR

Barite adds 3.5% ZnEq boosting from 12.6% to 16.1% ZnEq
@ 7:49 of the MIF video
https://www.youtube.com/watch?v=EXU41UKqgzc

basis , has been reduced to a mere fraction of that in the recent updated resource, in addition in the absence of any third party marketing study on the economic value ( sales price ) of this barite in the specific end user markets for drill mud, the consultants managing the PEA study will not allow this barite to be taken into account, second regarding the spinout of the gold assets, it needs to be stated that the Johnson Tract acquisition has not been formalised yet and is still just a non binding letter of intent,

Vancouver, BC – Constantine Metal Resources Ltd. (TSX Venture – CEM) ("Constantine" or the "Company") is pleased to announce it has signed a Letter Agreement with Cook Inlet Region, Inc. 


finally with reference to the timing of the PEA, while the corporate ppt still mentions end of this year, in an interview at the 121 mining investment forum in NY from early this month , Darwin Green, VP Exploration stated early next year as expected time for release for the PEA.