Sunday, October 20, 2013 9:05:13 AM
Unfortunately 2013 has not proven to be the year for CMC. Instead we hit new lows.
Hopefully they will get their act together in 2014. Two things to look out for:
1.Income from Bishop Mill. I read in the introduction estimations are of 4-5 MUSD per year.
2.Bulk sampling at Silver Hart. First they have to get their Class 3 permit. We know how long permits can take from the Bishop Mill. I estimate the possible income at around 1 MUSD. As stated previously numbers of the previous bulk samples are very intransparent in view of the various press releases (one could even assume that this is done intentionally imo).
That would make 5-6 MUSD total income. With 80 million shares outstanding and a current market cap of 3.2 MUSD we might see some movement.
Questionable is if the 4-5 MUSD of the Bishop Mill is the earnings for the 50% share of CMC or if it will have to be splitted with their partner. Obviously, in this case the upside potential is not that great.
Altogether, I am personally not very optimistic and neither is the market. CMC has made some nice plans in the past, but they never came into fruition…
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM