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Old 08-31-2017, 09:06 AM   Nav to Top  #1
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Default CMB. V - CMC Metals Ltd. - Keep on radar

With a rising gold price this company might have some upside potential imo. The current market cap of below 4 million Candollar seems rather low to me.

Here are some information based on older reports https://docs.google.com/viewerng/vie...42ec1b690f.pdf

- “CMC and PBI plan to produce ~20,000 oz gold per year and thus generating sales of ~$24 million per year (with gold at $1,200/oz). Production costs for the initial 84,000 oz gold are estimated at $700-$800/oz.” With todays gold price of around $1300 and costs of $800/oz that would result for the 50% share of CMC $5 million annual profit.

- “plus the milling costs of around $150/t processed by the Bishop Mill (at 2,000 t/month = $300,000/month or $3.6 million/year).”

- “The replacement value of the mill facilities is estimated at $6 million.”

- Silver Hart (drilling results expected soon): “Extrapolating the numbers a bit from what CMB already has blocked out, and you could easily be staring at a 55-million oz. deposit.” www.preciousmetalsreview.com/PMRcmbbond.pdf
That would equal around $900 million with todays price of silver. The already blocked out initial 9 million ounces of silver equal $150 million.

- The major insider also continues to buy shares.
https://www.canadianinsider.com/comp...20CMC%20Metals

Past week I received the following update from the company.
- The Mill can be operational in a few weeks after posting the Bond
- Approached the government on terms of bond and waiting for their review.
- CMC is essentially in small scale production now, the next bulk sample will be for 1500 tons.
- Silver Hart drill results expected in 3 weeks
- We are working on an IR program to launch in the next week or so

Please note that the company has a track record of delays. Therefore timing is everything. However, I like my chances below 10 cents in particular if gold moves further above $1.300.
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Old 09-08-2017, 06:09 AM   Nav to Top  #2
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Yesterday I received the following information from the company.

- Silver Hart results soon
- Radcliff update/plans in two weeks

Lets see if this will be accurate...
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Old 09-14-2017, 04:45 PM   Nav to Top  #3
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Looks like support is building at current levels. Hopefully CMC will move above 10 cents soon.
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Old 09-15-2017, 05:14 AM   Nav to Top  #4
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According to information I have gathered the results from the drilling at Silver Hart are now available. A PR is said to follow next week. Keep CMC on radar...
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