CMC Metals Ltd. (CMCXF)

[BMGS]

A higher gold price would not hurt but even with a gold price above $1300 the projected possible income looks very impressing.

"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."

Calculation with a gold price of $1300 would make $375k to $525k a month. The annual profit is then between $4.5 and $6.3 million!!