Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-2

@nordesmic

If you like CMM, compare them to SMC

Similar size resource, SMC higher grade, market caps comparable.

SMC - 10.24Mt at 2.03 g/t, containing 667,000 oz (need to check the depth but probably similar to CMM)
CMM - 18mt @ 1.1g/t Au for 650,880oz gold to a depth of 230m
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Additionally SMC has older 2004 JORC resources at Woolgar of 25.4 M Tonnes at 1.09 g/t gold for 795,400oz. of gold for a range of cut-offs between 0.4 and 1.0 g/t gold. These are additional to the resource quoted above at BVS.

You have to watch the major shareholder though he tried to take the minority shareholder out at 3.5cents and failed to get over 90%. He keeps slowly accumulating and even threatened to delist the company when they had their take over running. Those threats seem to have vanished now and they even did a rights issue.

Extremely thinly traded and they've given little indication of how they plan to develop the project but if you read their quarterly, for not much more drilling expenditure they will get significant gains on their current resource base at BVS. From basic size and grade fundamentals it seems better than CMM, although I just took a quick look and don't know the exploration potential of CMM. Also I suppose you'd have to look at what proportion of each deposit is easy digging etc to get a better picture but SMC wins hands down on grade.

Eshmun

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