CMC Metals Ltd. (CMCXF)

[BMGS]

CMC Metals Update (CMB – TSXV) January 14, 2013

http://www.lakeshoreinvestor.com/

I have been receiving plenty of e-mails and calls regarding the Bishop Mill permitting approval. All I can tell you is that the process is moving forward but not nearly as quickly that any shareholder likes.

CMC Metals management recognizes the need to place the Radcliff property into production to be able to draw cash flow from the sale of ore rather than through market dilution of further private placements.

The company is currently in advanced negotiations with two major mining companies to sell ore from the Radcliff property while waiting for final approval. There is already a stockpile of ore at the property that was to be shipped to Bishop, however, the speed of permitting is not in the company’s hands.

I’ll update this blog when I here more.

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 to post here 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 and receive a consulting fee.

Gord Zelko

Lakeshore Communications