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"Having maintained a low profile and being mainly financed internally, CMB.V is poised for significant upside share price revaluation; a nominal ~30M shares are currently outstanding and CMB.V is trading under CDN$0.25 with only ~CDN$1.2M capex remaining to take the Silver Hart project to production and profits by this time next year."
CMC Metals Ltd. (TSX-V: CMB) 100% owned Silver Hart mine and mill is set to come online in Q2 2010, making CMB.V Canada's newest long term debt free unhedged silver producer. Their prefabricated 80-tonne-per-day mill (upgradeable to 300TPD with additional permitting and nominal improvements) is at 75% completion with a delivery date expected this fall and in spring 2010 should begin processing ore from the TM zone where the above ground component is expected to yield 1100g/t of silver and 7.5% lead & zinc -- CMB.V has calculated a breakeven silver cost of USD$4.45/oz with base metals credited towards operating expenses. The current resource 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. The mill will produce an estimated 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. ##