Sat, Aug 27, 2011 - 9:20am
This a junior you should keep an eye on: https://www.cmcmetals.ca/s/home.asp
Mkt cap less than $20 million. They are almost done with a 2,500 ton bulk sample with mostly silver which will yield at least $5-6 million in net profits. There's enough material to conduct many, many more bulk samples or just start up the 80 tpd concentrator available on scene to become even more profitable here.
They have cash on hand, and own a mill under upgrade and just pruchased part in a gold-rich claim surrounding it + 50% in a claim with Molybdenum - also nearby.
The gold claim has in previous production yielded above 1 oz/ton gold, and with 100tpd being the goal before 2012 is here, we could be looking at 30,000 oz of gold annually, of which 50% would belong to CMC.
So shortly we could see CMC making a net profit above its current mkt cap.
Edited by: LongGoldLongSilver on Nov 8, 2014 - 5:08am