CMC Metals Ltd.
Attracts Coeur Mining
Published: 12/16/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:CMB.V - NEO 🔹CMCXF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.02 |
| Fair Value | CAD $0.12 |
| Risk | 5 |
| 52 Week Range | CAD $0.02-0.08 |
| Shares O/S (M) | 158 |
| Market Cap. (M) | CAD $3 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
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Report Highlights
- Last month, CMC Metals (“CMB”) secured Coeur Mining (NYSE: CDE; Market Cap: $2.8B) as an option partner to advance the Silverknife property in British Columbia. This property is located just 1.1 km from Coeur’s Silvertip mine, one of the highest-grade silver-zinc-lead mines in the world.
- Coeur can acquire a 100% interest for $6.3M through cash payments, and exploration expenditures. With CMC’s MCAP at just $3M, it appears the market is not only undervaluing Silverknife, but also overlooking the value of CMC’s other assets.
- We believe this transaction enables CMC to fully concentrate on its other projects in B.C., and the Yukon.
- The company has also completed an updated resource estimate on its Silver H
