CMC Metals Ltd. (CMCXF)

[BMGS]

Commentary - CMC Metals Update
http://www.lakeshoreinvestor.com/

November 29, 2012

CMC is in the process of transferring ore from the 2011 bulk sample from the Yukon to Terrace, BC where it is being crushed, bagged and ready for shipping. The company is in final negotiations with a Chinese buyer.

CMC is still waiting on news from the bureau of land management in Bishop California on final permitting. At the Radcliff mine work is under way to begin stockpiling additional ore that will ultimately supply the Bishop Mill. In the meantime the company is in discussions with a milling facility in Nevada to possibly supply the Radcliff ore on an interim basis.

A lot of investors have asked me about the final payment for CMC’s interest in the Radcliff mine - $600,000 due on December 17. Due to the very long permitting process the company was able to extended payment until June. However, that number will be less as the company makes smaller payments over the next few months.

CMC Metals is focused on near term production at it’s Bishop mill in California and bulk sample sales from its high grade Yukon silver property (www.cmcmetals.ca)

This blog is intended to provide new ideas for resource investors and updates on companies in which I invest through buying in the open market and through private placements. Exploration companies will need to have a compelling story but the primary focus is in resource companies that are close to or in production. I also provide investor relations to some companies. In the case of CMC Metals, I own shares in the company.

Gord Zelko
Lakeshore Communications