Post by
trebuh16 on Oct 04, 2024 2:17pm
Closing in December 2024
Upon closing of the transaction with XXIX in December 2024, CCMI is allowed to sell 10% of the shares received. This alone should pay for the engineering, the permitting and the 2024 ´year-end audit. Then we rent the sorter from a 3rd party (arm's lenght or not).
I will let Ian tell us how we can continue to send material to New Afton during 2025. We should have a mill running by fall 2026 which coincide with the end of the escrow period on the balance of the shares received from XXIX.
I am getting excited. Don't you? Trebuh16
Comment by
reddog11 on Oct 04, 2024 8:33pm
I see no reason for CCMI to not be $.10 as soon as permit is assured. The current valuation is absurd based on what we own. I know othr juniors feel the same, but we have a friciken mine ready to roll and interest in another blockbuster. jmo RD