CMC Metals Ltd. (CMCXF)

[BMGS]

"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."