• 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.