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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

Post by Magnum2on Feb 28, 2024 5:01pm
152 Views
Post# 35904961

The Newsletter writers are claiming Silver is the

The Newsletter writers are claiming Silver is the next Uranium, looking for a decent Silver play.

Wow, tough to get excited here, Mexico is "blackhole" IMO for Miners since changing the laws on royalties just a few years ago.  Add in CMB financing with 3.5 ct units, big ouch.

Still waiting on a rollback CMB or seeing them sell some asset for a profit, can't see this share price going anywhere for a long time. 

They may try some drilling with the few peanuts they have left in the bank, but now they are on an endless wheel of dilution given all the carrying costs on this Mexico play alone, not sure what else they need to maintain in the Yukon?  Definitely not the right time to be taking on further cash requirements, very poor move IMO mining assets are almost worthless at this time.

Gold should be a first mover in 2024, we'll see if Silver tags along.

GLTA
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