Everyone is entitled to their opinion within reason (ie Mr Burns) so, Mr Jhallwo you are allowed to be nervous about your investment and cashing some well deserved profits. I myself have bought my 20% back and put my profits back into CMM as well. I have also but about half my free cash back into CMM.

My reasoning is beside the fact that I am up over 300% and playing with their money, I trust the company. I also trust the DD process that Maxim Finskiy, Fran Scola and the Deutsch Bank did on CMM. These type of HUGE investors and banks do not let any stone unturned before making those kind of investments. That is why I went in very heavy at 17-20 cents originally and why I am still here.

The financials will be out when they are out. We know we had record gold production during that quarter and we know that gold averaged higher in that quarter than any other before in history, although this second quarter may be even better-perfect timing with Lamaque starting to pour some shiny yellow metal. Gold is in a solid uptrend, both short term and long term. A company like CMM which is set to increase production dramatically in the next year will be rewarded heavily with the share price.

When I see gold going up and CMM going down while still being undervalued, I see a huge disconnect between reality and the market. When the market does not make sense and I trust my due diligence, I buy more and more as the market will have to see things my way sooner or later and I am a patient man. I got a great lesson last year with Noront. I went all in after the news of hole 49 at 62 cents. I saw the market take us to 69 cents and back to 60 cents. I knew this did not make sense so I stayed put and trusted my due diligence...and was heavily rewarded for it. CMM is in the same situation. I am not saying we will get 400% ROI in 1 month like Noront but we will do very well.

With the gravity circuit, we produced a 230 ounce gold bar. The gravity circuit tends to capture about 30% of the gold only. The carbon in pulp extracts 60%+ so the gold bar produced there should be in the 500 ounces range IMO. At $1200 per ounce, that is $600K US. With the Canadian dollar getting hit hard this week, about 5% decrease vs the US dollar, this gives us an extra $30k dollars in CAN funds on this bar alone to pay our expenses which are in Canadian funds. I have a feeling this advantage will reverse at one point but when it does, the price of gold will be pushed even higher by the falling US dollar.

I continue to see very little risk with gold and CMM and huge potential so I am remaining heavily invested. Thank you Jhallwo for selling your shares and letting me pick them up so cheap!

Glorieux