Chibougamau Independent Mines Inc. Stock Analysis CBG.V

Chibougamau Independent Mines, Inc. engages in the exploration and development of mineral properties, which focuses on finding economic mineral deposits and reviving production in the Chibougamau mining camp. The company is headquartered in Rouyn-Noranda, Quebec. The company went IPO on 2013-01-25. The firm is focused on finding economic mineral deposits and reviving production in the Chibougamau mining camp. The company holds approximately 12 exploration properties. The company retains a 2% gross metal royalty (GMR) on all iron and vanadium produced from the property. The firm's properties included in the Chibougamau Mining Camp are Baie Malouf, Bateman Bay, Berrigan Mine, Berrigan South, Buckell Lake, Copper Cliff Extension, Grandroy, Gwillim, Kokko Creek, Lac Antoinette, Lac Chibougamau, Lac David Sud, Lac Elaine, Lac Simon, Mont Sorcier, Nepton, Quebec Chibougamau GoldFields and Virginia Option. The Bateman Bay gold-copper-silver (Au-Cu-Ag) mine and two former mining blocks constitute the Bateman Bay property, which is composed of approximately 15 mining claims totaling 353 hectares that are owned by the Company.