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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 polymetallic deposits in Mexico, Yukon, British Columbia and Newfoundland. The Company's silver-lead-zinc polymetallic projects include Gavilanes Silver-Gold Project, Silver Hart Property, Blue Heaven Property, Rancheria South property, Bridal Veil Property, Amy and Silverknife Properties, Terra Nova Property and Rodney Pond Property. Its Silver Hart Property is located in the south-central Yukon and consists of 116 claims covering over 2,017 hectares. The Blue Heaven property consists of 121 contiguous mineral claims located in southern Yukon. The Rancheria South property lies south of the British Columbia-Yukon border. Rancheria South comprises of 12 mineral tenures covering 2008.32 hectares. Its Silverknife property comprises two mineral tenures covering over 538.3 hectares. The Amy Property lies eight km to the west of the Silvertip Mine complex.


TSXV:CMB - Post by User

Post by Magnum2on Feb 28, 2024 5:01pm
68 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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