New York, NY (PRWEB) October 25, 2010
Mining MarketWatch Journal has published a review of CMC Metals Ltd. offering insight and opportunity afforded investors as CMC Metals is debt-free, unhedged and gearing up for cash-positive precious metals production on two separate business units. CMC Metals recently acquired a fully permitted mill in Bishop California central to a number of permitted gold, silver, and poly-metallic mines, many in negotiations at this time with CMC Metals to handle their ore. CMC Metals will also be Canada's newest silver producer utilizing its 100% owned high grade Silver Hart silver mine in the Yukon where it has already begun bulk sampling with cash flow imminent.
The full Journal review may be found at http://miningmarketwatch.net/cmb.htm online.
100% owned Bishop Mill, Bishop CA USA, is a recently acquired fully permitted facility central to a number of permitted gold, silver, and poly-metallic mines, many in negotiations at this time with CMC Metals to have their ore processed at the Bishop facility. The Bishop facility has already begun upgrading by CMC Metals to 100-tonne-per-day (TPD) (upgradable to 300TPD) and is expected to be seriously cash flowing by mid-2011 with the completion of a class A double lined pond which will allow CMC Metals to process a wide range of ore types.
100% owned Silver Hart mine, Yukon Canada - With spectacular silver grades and a historic resource estimate (non 43-101) of 9 million ounces silver CMC Metals is in the permitting phase to bring Silver Hart into production. A prefabricated 80TPD mill (upgradeable to 300TPD with additional permitting and nominal improvements) is at 75% completion awaiting delivery once government approvals are received. In the interim CMC Metals is generating revenue and cash flowing Silver Hart by processing ore from open pit mining of high grade veins through a series of bulk samples. The first bulk sample (grading over 5000g/t silver) was mined this Q3 2010 and is in the process of vetting from buyers, Mining MarketWatch Journal estimates CMC Metals will net between US$500K - $700K from this first nominal 200 tonne bulk sample alone. This bulk sample sets the stage for a series of larger 2500 - 5000 tonne samples (of possibly 3,000-4,000g/t silver) in 2011 readily available to the company through a standard class 3 license. Mining MarketWatch Journal speculates that if all goes well, lucratively as planned, CMC Metals might simply let things be and continue on with the arrangement indefinitely (beyond bulk sampling), freeing up prefabricated mill to be use on a third front. According to historical data (not to be relied on for investment decisions, but rather to better understand the potential) the historical resource (non 43-101) at Silver Hart is ~9,000,000 oz of silver, 17.6M lb lead and 58.6M lb zinc in three zones, all of which are readily open for expansion. A realistic scenario could see the mill producing ~1,000,000+ ounces of silver per annum and cash flow expansion of the resource and other nearby silver projects without further dilution to the share structure.