Matrix

[BMGS]

CMC Metals Ltd. (V.CMB) - Keep on radar
With a rising gold price this company has upside potential imo. The current market cap of below 4 million Candollar seems rather low.

Here are some information based on older reports https://docs.google.com/viewerng/viewer?url=c3352932.r32.cf0.rackcdn.com/pdfcb19a86c7ff9683353ef2642ec1b690f.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/company?menu_tickersearch=CMB%20%7C%20CMC%20Metals

With a continued rising gold price I think this one could get interesting. Keep CMC on radar.