q for olympian, page-21

re: re:gann fan No rats on this Olympian boat Hots. They were flushed out long ago with DR debacle ...which really was only a case of metal prices doing their cyclic washout before the new and GREAT resources cycle start now in its infancy and fuelled by the basic needs of Chinese and Indians to come. And no mention of Uranium then Hots.

GT is increasingly gungho with CMR and only early days yet. U shld attend the EGM next week if u wanna see him in action. Raised my eyebrow at the AGM when he said he expects sulphides reserves to expand to 200 million tonnes once serious exploration begins again. He doesnt mince words. EXEC chairman now u will notice and getting plenty of "practice" of billion dollar developments with FMG atm.

We are buying oxides plant now for those who havent noticed. Gotta be telling us something hey? I have other questions to ask of them coming up and they aint in the negative either .... cos the only question I have in mind is what first?

Anyway Rome wasnt built in a day and its good to still be able to buy the bricks so cheaply. No hurry for mine. We are expecting U drill results from Mt Fitch next and my usually vivid imagination is starting to run rampant .... but not the shareprice yet, Zeus forbid.

Dont know how long you have been around for Hots but do a little research on how mega-Olympians evolve step by step. Check out NFM circa 1984-1987. Two orders of magnitude over that period. That was the last mega-Olympian til now of course. And fittingly a Fibonacci 21 years ago to boot.

Oxides are ho hum now.... simple 12 month project worth a modest 4 bucks a share on conservative earnings estimates .... boring, bread and butter "ark" kinda stuff for the myriads of market refugees about to be created....or is that cremated? The people have no bread ... it was heard said. Let them eat cake ...was the reply. But that was then .... this is now. The people can have their bread AND cake this time round and the only heads which will roll will not be olympian haha.

Whilst u r checking out these things take a look at ERA's 2.7 billion buck market cap and status of their uranium reserves. Then ask yourself which other company will have a new plant operating nearby in the NT by end next year on oxides and able to switch to U at the drop of a "regulatory Go" hat ..... ahead of a second plant sharing common infrastructure? Think thats part of the "flexibility" Huntleys keep referring to.

Whats missing? A "JORC" resource of course. Tho try convincing me that a RIO (nee CRA nee Territory Resources then?) would not have defined reserves figures ahead of mining the first 3 open pits at the time and maybe even preparing for a fourth (what's this open bulk sample pit at Mt Fitch they refer to?) before the government order ran out? Ah yes, but it wasnt "JORC" then was it. And maybe what they mined was only "phantom U" as well ? Told ya my imagination is running rampant atm.

In a nutshell, reckon CMR already have a good idea of what U is in the jungle and at what likely grades and when it is likely to get the "go". And it's now in process of re-defining according to JORC as a PRIORITY whilst the first oxides-cum-uranium plant is being constructed and seeing what pans out in the Territorian world of Uranium politics in the meantime before final decisions are made .... what a position to be in ....praise Zeus !!!

IMBOOC

PS The problem is there is soooooo much happening here it is hard to fathom one company of Olympians could be so blessed ! Well, watch it evolve I say. Current A-4 is akin to A-2, both post placement drifts. There is still two months to Xmas.

PPS GM bankruptcy rumours rife last night and naturally being denied. Caused flight to quality in treasuries of course. Maybe we should spread some of the Olympian flight to quality 80/20 cash/CMR philosophy over there. Poor hard-working plebs believing their leaders and relying on future pension payouts ! Note 10-12% single day shareprice wipeouts in recent times ........ Fannie May, Caterpillar, Amazon. Zeus protect us.

PPPS Regulation overhaul being proposed for senate approval re Fannie and Freddie cos they are seen as a risk to the entire financial system. House of cards, yet they keep talking about higher interest rates in the States. Amazing world we live in. And then we have Nature demanding its pound of flesh. I better read some of those earlier Grand ORM posts volumes 1-4 I made. Must be the Delphic blood in my veins. Sincerely hope Im wrong .........

IMBOOC