CMC Metals Ltd. (CMCXF)

[BMGS]

Bigone, the numbers I received on request via email from CEO Jack Bal. It is up to you to decide how trustworthy he is. They did not publish yet these calculations to my knowledge. In their news releases they always state goal is to process 2,000 tons a month. So hopefully there is room for positive surprises and they will be able to process 3,000 tons a month as indicated below.

"Once in full production in June, we expect to process 3,000 tons a month with an average grade of 0.50 OPT. We expect our cost to be $600 - $800 an ounce. If we produce 1500 ounces a month and our interest is 50% of the Radcliff mine, our profit could be anywhere from $300k to $450k a month with $1200 gold. We will also return a profit on the running of the mill. Remember this is an estimate only from internal projections and not backed up on an 43-101 report. I am confident we will achieve the numbers though."

One interesting aspect pointed to in the 321gold Report:
"I will say I think their plans are perfectly feasible. Their mine manager is their 50% partner and he’s highly experienced in mining. They have a highly qualified and experienced mill operator. They can make this work with a minimum of capital and get cash flow going. If they can locate some of the higher-grade ore, the one-ounce material that they know is there, the numbers get even more attractive."
http://www.321gold.com/editorials/moriarty/moriarty033114.html

That would have a nice impact on the numbers