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I don't know any more. I got out of equities last year and haven't followed CMC as closely. I figure physical silver is the best protection anymore. None of the miners have a chance until true price discovery dictates the gold/silver price. That can't happen as long as our crooks are rigging the gold/silver price. When the game is rigged, the only winning move is ... Don't Play. It's all about physical now. That's the way I see it. Feel free to visit my board in the footer below!
Where are we with this?
Jack Bal, CEO of the Company, states "Systematic channel sampling at Radcliff has confirmed the presence of high grade material at Radcliff and management is actively reviewing processing options, including shipping directly to a smelter. Final permitting is progressing at the Bishop Mill and the Company expects completion shortly".
OT!Ot!Off topic
Tinka is a strong buy.CMCXF cost me a lot of money.
Good Luck John
Nothing but lies – Best of Jack Bal
News release 4 December 2013
“Construction of the tailings pond will begin before the end of the year.”
News release 18 March 2014
- “Exploration and development drifting and drilling will occur to define the extent of the high grade zone plus prepare development workings. As the development workings proceed, ore will be produced.”
- “The Bishop Mill is expected to be functional in June 2014.”
News release 24 September 2014
“The pond has been excavated and installation of the liner will commence within the next two weeks and will take an additional two weeks to complete. A new assay lab has been installed and upgrades to the Mill are ongoing. The Company anticipates being operational at the Bishop Mill with stock piled ore prior to year end.”
News release 22 October 2014
“International Lining Technology will commence installation of the pond liner in one week.”
Interview October 2014
- “We are drifting to a zone that was intersected by a high grade intersection of over 5 ounces gold per ton. We have an option to ship directly to Newmont to create cash-flow before the mill is fully operational.”
- “We will need $400k to complete both Mill and Mine.”
- “The company is run very efficiently. We realize pro¬fit is the most important thing for a junior company.”
- “We are submitting a new exploration permit shortly.” (related to Silver Hart)
News release 11 March 2015
“It is anticipated that the Bishop Mill will be fully operational in the next sixty (60) days.”
News release 25 June 2015
“Final permitting is progressing at the Bishop Mill and the Company expects completion shortly.”
Looks like Jack Bal is currently more focused on his other ventures than bringing this one into production...
hopefully capitulation and end of selling in gold is near,
from Jack Bal via stockhouse
CMC METALS Ltd received closure permit!!!
We received the closure permit which is the toughest.
We are putting all our paper work in and should be done by
end of July.
Read more at http://www.stockhouse.com/companies/bullboard/cmcxf/cmc-metals-ltd#ctVOwaBliYkVIwqY.99
Jul 6/15 Jul 3/15 Scholz, Michael Curt Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 250,000
Jul 6/15 Jul 3/15 Scholz, Michael Curt Indirect Ownership Warrants 54 - Exercise of warrants 250,000 $0.070
Jul 6/15 Jul 3/15 Scholz, Michael Curt Direct Ownership Warrants 53 - Grant of warrants 1,850,000 $0.070
Jul 6/15 Jul 3/15 Scholz, Michael Curt Direct Ownership Common Shares 16 - Acquisition under a prospectus exemption 1,850,000 $0.050
Jul 3/15 Jul 3/15 Bossio, John Direct Ownership Warrants 53 - Grant of warrants 250,000 $0.070
Jul 3/15 Jul 3/15 Bossio, John Direct Ownership Common Shares 16 - Acquisition under a prospectus exemption 250,000 $0.050
Jul 2/15 Jun 26/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 129,000 $0.050 - See
I wish they'd name the party getting paid the 8 1/2 % finders fee.
Increase and Closing of $0.05 Unit Private Placement
News Release - Monday, June 29, 2015
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has increased its originally announced 11,000,000 Unit private placement as announced pursuant to its June 10, 2015 press release, to 12,000,000 Units on the same terms and conditions as set out in the referenced release and has closed the placement. The Units remain at $0.05 per Unit with each Unit consisting of one common share and one transferable share purchase warrant. Each one warrant will be exercisable for one additional common share at $0.07 per share for a two year period. The proceeds derived from the total 12,000,000 Unit private placement will be used to continue the Company's operations at the Bishop Mill and Radcliff projects held in the United States. A finder's fee is payable pursuant to this placement by way of cash and broker's warrants equal to 8.5% of the total raised by the finder, being a total of $33,787.50 in cash and 675,750 in broker's warrants issued on the same terms and conditions as the Units.
On behalf of the Board:
"Jack Bal"
Jack Bal, President & CEO
CMC METALS LTD.
Geez, time goes by fast...
Their is a sucker born every minute
New High Grade Gold Assays
LONDON, ENGLAND / ACCESSWIRE / June 25, 2015 / Today, CMC Metals Ltd. (TSX.V: CMB) has provided an update on the progress of its 50% owned Radcliff Mine and 100% owned Bishop Mill in California, USA. As has been shown with an initiating coverage and update #1, the company already started to mine out a high-grade portion of the deposit.
As per today’s press release, a total of 20 new assay results were disclosed. These channel samples were collected systematically from the north and south side of the 5510 level drift within the mineralized zone. Each sample had a horizontal distance of 0.60 meters along the drift wall. Within the mineralized zone, a 2.40 meter interval returned 21 g/t gold.
Table of gold assays: http://rockstone-research.com/images/5/tab1ENG.png.
The above quoted grades are only preliminary. Additional assays to test for presence of "coarse metallic gold" are in progress. If found, the above quoted grades may turn out much higher.
As per today’s news:
"Material from the mineralized zone is currently being stockpiled adjacent to the Radcliff Mine workings pending final approval of the operating permit for the Company’s Bishop Mill. The Company’s current business plan is to selectively mine portions of the high grade indicated resource (reference Ristorcelli, 2015) by underground mining methods and process this material at its wholly owned mill located near the town of Bishop approximately 150 kilometers North of the mine. Pruett, the current operator of the Radcliff project, continues to work with a local smelter within trucking distance to secure a contract to direct ship mineralized material from the current underground workings."
CMC’s CEO, Jack Bal, commented:
"Systematic channel sampling at Radcliff has confirmed the presence of high grade material at Radcliff and management is actively reviewing processing options, including shipping directly to a smelter. Final permitting is progressing at the Bishop Mill and the Company expects completion shortly."
Either way, when CMC receives full approval for Bishop Mill and/or when negotiations with the nearby smelter are successful, such news should be the starting shot for regular cash-flow generation.
Currently, CMC has a market capitalization of $7 million CAD. Technically, the share price is in an upward trend since early 2015. In April, the upper (blue) triangle leg was broken and a "breakout" occurred. The subsequent pullbacks to the formerly resistive (blue) triangle leg were completed successfully (in order to test and confirm this trendline as new and sustainable support). As the price has started to rise after reaching the triangle’s apex, a "thrust" to the upside is anticipated.
The full article can be read via the following links:
English:
http://rockstone-research.com/index.php/en/9-research-spotlight-english/324-new-high-grade-gold-assays
German:
http://rockstone-research.com/index.php/de/8-research-spotlight-german/322-hochgradige-gold-vererzungen-in-radcliff-bestaetigt
Within the mineralized zone, an 8.0 foot (2.40 meter) interval returned 0.617 oz/ton gold (21.18 g/t).
The numbers are not so good as previously hyped by management and in the paid reports...
Some hope:
Jack Bal, CEO of the Company, states "Systematic channel sampling at Radcliff has confirmed the presence of high grade material at Radcliff and management is actively reviewing processing options, including shipping directly to a smelter. Final permitting is progressing at the Bishop Mill and the Company expects completion shortly".
But!!: Never take a word for granted from the management of this company...
Radcliff Property Update 5510 Level Mineralized Zone Channel Sample Assays
Vancouver, B.C. / TheNewswire / July 25 2015 - CMC Metals Ltd. (the "Company") wishes to provide a further update on the status at the Radcliff Mine which forms part of the World Beater Property. The Company holds a 100% interest in the Bishop Mill and owns a 50% interest in the World Beater Property and Radcliff Mine.
As per the Company's press release dated April 15, 2015, Pruett Ballarat Inc., ("Pruett") (the current operator of the Radcliff project), advised the Company in early April that underground development work on the 5510 Level adit had intersected the targeted high grade mineralized zone. The mineralized zone was partially defined by previous drilling and the 5510 Level adit was driven roughly perpendicular to the strike of the mineralized zone. According to Pruett, mineralization occurs over a drift length of approximately 20 feet (6.1 meters) from Station 1+20 to Station 1+40. The mineralized zone appears to be inclined at approximately 45 degrees and the true width of the zone is estimated at 12 feet (3.7 meters).
According to CMC staff onsite, the channel samples were collected from diamond saw cut intervals along both sides of the 5510 Level drift. A total of 20 samples were collected. Each sample reportedly represents a two foot (0.60 meter) horizontal distance along the drift wall. Within the mineralized zone, an 8.0 foot (2.40 meter) interval returned 0.617 oz/ton gold (21.18 g/t). The following table lists the sample results received from ALS Global. Samples from the North side of the drift are labelled N-001 to N-010 and samples from the South side are labelled S-001 to S-010.
Table 1: Radcliff Mine 5510 Drift Channel Samples
North Side 5510 Level Drift South Side 5510 Level Drift
Sample No. Grade (g/t) Grade (oz/ton) Sample No. Grade (g/t) Grade (oz/ton)
N-001 9.34 .27 S-001 3.55 .10
N-002 55.40 1.62 S-002 16.50 .48
N-003 5.71 .17 S-003 7.56 .22
N-004 14.25 .42 S-004 2.02 .06
N-005 6.51 .19 S-005 17.65 .51
N-006 3.38 .10 S-006 43.60 1.27
N-007 3.81 .11 S-007 8.51 .25
N-008 7.94 .23 S-008 3.44 .10
N-009 4.36 .13 S-009 1.02 .03
N-010 4.65 .14 S-010 0.12 .004
It is important to note that the assays reported in Table 1 represent preliminary assays only. Additional assays designed to test for the presence of coarse metallic gold are in progress. In the event that the presence of coarse gold is confirmed, the average grade of the mineralized zone could be higher than reported. It is also important to note that no systematic QA and QC program has been implemented by a Qualified Person (as that terms is defined in 43-101F1 requirements) to verify the assay results reported in this release. Results from the 10 muck samples referenced in the Company's press release dated April 15, 2015 have not yet been received.
Material from the mineralized zone is currently being stockpiled adjacent to the Radcliff Mine workings pending final approval of the operating permit for the Company's Bishop Mill. The Company's current business plan is to selectively mine portions of the high grade indicated resource (reference Ristorcelli, 2015) by underground mining methods and process this material at its wholly owned mill located near the town of Bishop approximately 150 kilometers North of the mine. Pruett, the current operator of the Radcliff project, continues to work with a local smelter within trucking distance to secure a contract to direct ship mineralized material from the current underground workings.
The Company advises that management has not based its production decision on a feasibility study of mineral reserves, demonstrating economic and technical viability, and as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved. Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
The scientific and technical data contained in this news release pertaining to the World Beater / Radcliff Mine Project was prepared under the supervision of Carl von Einsiedel, PGeo. who is responsible for ensuring that the geologic information provided in this news release is accurate. Mr. von Einsiedel is a "non-independent qualified person" as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Jack Bal, CEO of the Company, states "Systematic channel sampling at Radcliff has confirmed the presence of high grade material at Radcliff and management is actively reviewing processing options, including shipping directly to a smelter. Final permitting is progressing at the Bishop Mill and the Company expects completion shortly".
On behalf of the Board:
"Jack Bal" __
Jack Bal, President & CEO
CMC METALS LTD.
Someone posted a news release on another board. Don't know if it is legit but it is pretty funny (at least for those who do not own this crap...)
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has changed it's company's website. CMC Metals Ltd. is no longer focused on providing sustainable growth and value to the shareholders through the progressive development of precious metal properties to production phase. CMC Metals Ltd. is now focused on providing sustainable growth and value to the insiders by publishing news strategically. To accomplish that for example i have sold 300.000 shares for .07 before i have published the article about further dillution. Now i can visit a nice restaurant this weekend to have a romantic dinner with my boyfriend Michael Scholz. The best thing about it is that regular shareholders are paying the bill! I know that it's not allowed but i only make $5000 a month for being a parttime CEO of this company. I also receive a monthly check for being a parttime CEO of Cardiff Energy Corp. Last week I exercised my 750.000 V.CRS warrants for a great price of .08 and sold 150.000 pieces at .20 and 100.000 at .21. Have a nice weekend!!!
On behalf of the Board:
"Jack Bal"
Jack Bal, President & CEO
CMC METALS LTD.
For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone: 604-306-5285jackbalyvr@gmail.com.
Jack Bal sure looks like a liar repeatedly. Below is a best of:
March 2014
“The Bishop Mill is expected to be functional in June 2014.”
September 2014
“The construction of the tailings pond at the Bishop Mill started in March 2014. The pond has been excavated and installation of the liner will commence within the next two weeks and will take an additional two weeks to complete…..The Company anticipates being operational at the Bishop Mill with stock piled ore prior to year end.”
October 2014
“We will need $400k to complete both Mill and Mine.”
March 2015
“It is anticipated that the Bishop Mill will be fully operational in the next sixty (60) days.”
Several pp later we are still not producing any gold…Most likely he is currently preparing another round of pump activities with paid reports and additional bogus information. Looks like he simply cannot get the job done to the benefit of the shareholders…
well, can't say i'm surprised, par for the course with CMC eom
New $550,000 / 11,000,000 Unit Private Placement at $0.05 per Unit
Vancouver, B.C. / TheNewswire / June 10, 2015 - CMC Metals Ltd. (the "Company") wishes to announce that it has agreed to issue up to 11,000,000 Units at $0.05 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.07 per share for a two year period. The proceeds derived from this placement will be used towards further development of the Company's Bishop Mill and Radcliff Property projects held in the US. A finder's fees may payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval.
The Company wishes to clarify the terms of the options to be granted pursuant to its June 10, 2015 Press Release disseminated earlier today, in that the expiration date of the options is June 10, 2017, not June 10, 2015 as incorrectly referenced in the earlier June 10, 2015 Press Release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Jack Bal" __
Jack Bal, President & CEO
CMC METALS LTD.
CMC Metals, Pruett in talks with smelter for Radcliff
2015-06-10 09:59 ET - News Release
Mr. Jack Bal reports
RADCLIFF MINE PROJECT UPDATE
CMC Metals Ltd. has received an update from Pruett Ballarat Inc. on the progress at the Radcliff project, and has been advised that PBI is in negotiations with a smelter located within trucking distance from the Radcliff project to direct ship mineralized material from the current underground workings. Bulk samples taken from the Radcliff project have been sent to the smelter for analysis and a site visit by smelter representatives to the mine is pending. Development work on the mineralized zone encountered in the 5510-level adit is continuing.
Jack just bought 1/2 a mill in open market, very good sign
Jun 5/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.060
hmmmm, maybe pigs can fly BMGS,check that volume today, wassup with that ?
This is getting absurd. Jack Bal needs to go. Looking back at the previous news releases he is either continously lying or he simply does not have a clue. Zero credibility...
good question, and where are the assays ? eom
So where is the good news?
Vancouver, B.C. / TheNewswire / June 4, 2015 -- CMC Metals Ltd. (the "Company") wishes announce that on May 31, 2015 the Company submitted the final documentation required by the Lahontan Water Board in regards to the Company's Bishop Mill facility. The final document consists of a Preliminary Closure and Post-Closure Maintenance Plan (PCPMP) for the Bishop Mill (WDID No. 6B140505002). The PCPMP addresses the eventual closure of the waste management unit, site reclamation, and post-closure maintenance activities at the Bishop Mill in accordance with 27 CCR 22510 and Waste Discharge Requirements (Board Order No.R6V-2011-0048) issued by the Lahontan Water Board. The PCPMP is the last major hurdle to commissioning the Bishop Mill and the Company is working diligently with Lahontan in the approval process.
The Company further wishes to announce that it has increased its originally announced 10,000,000 Unit private placement as announced pursuant to its April 15, 2015 press release, to 10,160,000 Units on the same terms and conditions as set out in the referenced release and has closed the placement. The Units remain at $0.05 per Unit with each Unit consisting of one common share and one transferable share purchase warrant. Each one warrant will be exercisable for one additional common share at $0.06 per share for a two year period. The proceeds derived from the total 10,160,000 Unit private placement will be used to continue the Company's operations at the Bishop Mill and Radcliff projects held in the United States. A finder's fee is payable pursuant to this placement by way of cash and broker's warrants equal to 8.5% of the total raised by the finder, being a total of $13,175 in cash and 263,500 in broker's warrants issued on the same terms and conditions as the Units.
On behalf of the Board:
"Jack Bal" __
Jack Bal, President & CEO
CMC METALS LTD.
word on the street aka 'Jack' , is good news coming next week ...
Somehow it seems like a never ending story with CMC...
Thanks BMGS. Think it may be time to get my average price down. With production on the way it should go up from here.
BMGS, What price?
"Gold Pod #1 has an indicated resource of around 24,000 oz gold with an average mineralization of 35 g/t gold (1 oz/t)."
"At an average mining rate of 2,000 t/month, Gold Pod #1 could be mined out in 12 months (unless it turns out to be larger than expected, which may become reality shortly with new assays)."
"The last indicated resource of all high grade gold pods (“lenses”) stood at around 84,000 oz at an average mineralization of 22 g/t gold. Hence, CMC and Pruett-Ballarat should be mining for at least 4 years consecutively and generating around 84 million USD at a gold price of 1,000 USD/oz. With its 50% stake, CMC may receive 42 million USD in 4 years (0.9 million USD/month on average)."
"The production costs of a mineralization with 0.5 oz/t gold are estimated between 600-700 USD/oz for Radcliff, thus costs for significantly higher graded material may be reduced substantially. No matter what, profit margins should turn out to be exceptionally high despite low gold prices."
bought some more today. hopefully good things to come...
CMCXF CMC Metals (.045) North American operations include the Radclif Mine in N.California and the Silver Hart project in the Yukon.
Silver Hart In 2010 the bulk sample tonnage was 130.8 dry weight tonnes grading 4,568 grams per tonne silver (133.2 ounces per ton) and 19.60 percent lead. To date, CMC has extracted has extracted over 1000 tonnes of high grade ore in the form of bulk samples.
Radclif Mine currently stock piling ore in anticipation of commencement of operations of the Bishop Mill. The 50 tpd mill is fully secured by fence, line power to the site and one mile from a paved highway. The Radcliff historical production of 14,500 ounces of Gold was produced from 14,000 tons of ore. The Bishop Mill Facility Plan of Operations includes the addition of a coarse grind Krupp screen mill that will increase the daily capacity to 100 tons per day.
4-11-15 - "...It is anticipated that the Bishop Mill will be fully operational in the next sixty (60) days.' http://www.cmcmetals.ca/s/NewsReleases.asp?ReportID=699904&_Type=News-Releases&_Title=Bishop-MillRadcliff-Property-Update
Great news, but don't forget, these things always take longer then they think. Always costs more too.
Website: http://www.cmcmetals.ca/s/home.asp
Pinksheets: http://www.otcmarkets.com/stock/CMCXF/quote
TSX as CMB: http://web.tmxmoney.com/quote.php?qm_symbol=CMB
IHUB: http://investorshub.advfn.com/CMC-Metals-CMCXF-19559/
chart]stockcharts.com/c-sc/sc?s=CMB.V&p=D&yr=1&mn=0&dy=0&i=p29905596724&r=1414279182526[/chart]
xxx
"...the arithmetic average of the samples is 2.55 oz/ton."
Previous calculation were based on 0.5 oz/ton. If the average would be 1.5 oz/ton cmc would earn $ 10 million in the first year. Sounds promising imo
Apr 13/15 Scholz, Michael Curt Indirect Ownership Common Shares 54 - Exercise of warrants 370,000 $0.060
check the bids building @.05 this afternoon, next week gonna be interesting
If anybody wants to duplicate the info sheet, the chart is easy to insert by completing the chart code underneath the green chart.
You will see:
chart]stockcharts.com/c-sc/sc?s=CMB.V&p=D&yr=1&mn=0&dy=0&i=p29905596724&r=1414279182526[/chart]
To complete the code, add the [ at the front of the string and you'll have it!
CMCXF CMC Metals (.045) North Americ an operations include the Radclif Mine in N.California and the Silver Hart project in the Yukon.
Silver Hart In 2010 the bulk sample tonnage was 130.8 dry weight tonnes grading 4568 grams per tonne silver (133.2 ounces per ton) and 19.60 percent lead. To date, CMC has extracted has extracted over 1000 tonnes of high grade ore in the form of bulk samples.
Radclif Mine currently stock piling ore in anticipation of commencement of operations of the Bishop Mill. The 50 tpd mill is fully secured by fence, line power to the site and one mile from a paved highway. The Radcliff historical production of 14,500 ounces of Gold was produced from 14,000 tons of ore. The Bishop Mill Facility Plan of Operations includes the addition of a coarse grind Krupp screen mill that will increase the daily capacity to 100 tons per day.
Website: http://www.cmcmetals.ca/s/home.asp
Pinksheets: http://www.otcmarkets.com/stock/CMCXF/quote
TSX as CMB: http://web.tmxmoney.com/quote.php?qm_symbol=CMB
IHUB: http://investorshub.advfn.com/CMC-Metals-CMCXF-19559/
chart]stockcharts.com/c-sc/sc?s=CMB.V&p=D&yr=1&mn=0&dy=0&i=p29905596724&r=1414279182526[/chart]
XXX
That is a good sign. Thanks for sharing.
Excellent! Nice catch daredguy.
Apr 9/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 101,000 $0.040
Apr 8/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 32,000 $0.040
Mar 16/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.050
Mar 11/15 Bal, Jatinder Singh Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.050
jack's been buying, expect news of good assays and production commencing very soon
LETS HOPE THAT BOTH HAPPEN SOON.
Maybe, we will see. Gold above $1200 will certainly help once we are producing...
Could this be month that we have good news???
Bought some more shares today. Hoping the long waiting period is coming to its end...
GLTA
Well, looks like new bagholders are on board...Don't expect a upward moving sockprice anytime soon. The only thing that matters are results for CMC!
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