CMC Metals Ltd. (CMCXF)

[BMGS]

Potential incoming revenues
Mill capacity to the plan of operation is 100 tons per day. According to a press release 24 May 2011 the "Mill should be in full production processing the 0.50 or greater ounce per ton gold ore from the jointly owned Radcliff Mine...". That makes 50 ounces of gold per day. Half of this is for CMC.

50 ounces x 365 days x 1450$ x 0.5 share = approximately 13 million $

Allright, they will not produce 365 days a year. But that is offset as they might get more than 0.50 ounce of gold per ton.

Current market cap is a joke...