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CMC Metals Ltd. Announces Bulk Sample Shipped; Letter of Credit received for $572,340
Nov. 15, 2010 11:55AM PST
Silver InvestingCMC Metals Ltd. (CVE:CMB) reports its shipping of bulk sample taken from Silver Hart mine this summer.
The press release is quoted as saying:
A Letter of Credit was received in the amount $572,340.35 (USD) as a security for payment. Final invoice pricing for silver will be based on silver prices 10 days from shipment date. The preliminary silver pricing was based on a $23.73 USD/troy ounce. The Company is proceeding with evaluating the most cost effective approach in mining and shipping a large bulk sample next year.
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