your thought's olympian on ibr, page-8

Apologies if I may have misled a tad.

My personal diversity lies in a conservative cash / gold physical / roof over head / nil debt / resources investment "survival" strategy keeping in mind my background concerns. The resources investment bit is CMR 90% and a bit of gold spec the rest.

The non-diversity lies in all equity investment being the one basket .usually i am a mad resources punter but will leave that alone for now, tho gotta admit the gold market is stirring the punting blood in me a bit again. But there is "diversity" in CMR itself and lies in staged entry at various levels of risk with cost of such returned per trading of resources specs along the way.

This investment in CMR lies within the limits of personal strategy as defined in past. The increase in subsequent value is allowed as cost base has been reduced to nil according to overall trading plan with trading (other) stox ..... still hold two and increasing in both cos have emerging / increasing gold inventories. In fact may start accumulating these for core + trading as is my MO when I spot a coming winner.

Whereas core in CMR represents non-diversity within the resources investment part of my overall portfolio now strategically aimed with megabear C in mind, CMR itself represents the greatest diversity i have ever seen in a single emerging producer, by virtue of its

(1) oxides starter production scheduled for end 06 start and for which current price sits at about PE 2 based est annual earnings at today's metal prices, and for which most of the plant / half the capex has been finalised with rest subject to timing optimisation and representing only a fraction of today's market cap ... easy peasy;

(2) extensive Uranium prospects in an established uranium field currently in mothballs in the RIGHT LOCALITY at the RIGHT TIME wrt to likely NEXT allowable U production ....... such targets well advanced based historic drilling and first at Mt Fitch about to be JORCED. Ther eis ZILCH value represented in CMR's presnt market cap for this likely to be O'z next U producer (IMO) YET, the likes of PDN are sitting at 1 billion buck market cap on their IMO lessor U resources/potential

(3) world class base metals reserves inc PRIMARY reserves of Cu, Co and Pb already defined and awaiting development assessment, a gimme for mine given almost a 500 mill buck capex GO was being considered in 2002/3 at the BOTTOM OF A RESOURCES / METALS cycle. These sulphides lie immediately beneath the oxides and open-pittable. High grade Cu-Pb zones with Co throughout means FLEXIBILITY wrt optimised production mixes. China and India aint likely to be slowing down too much and there dont seem to be too many new mines coming on stream to meet this expected demand over the next decade or two.

(4) extensive gold and precious metal assets and royalties now coming to the fore in an emerging gold BOOM ....... anybody checked what GT's 4 mill tpa sulphides production would deliver in SILVER byproduct alone at half an ounce to the tonne average grades ...... forgotten hey? .... u betcha, like everything else inc the PGMs at sargents , the iron ore royalties, the peruvian epithermal gold resource, the billion tonnes of magnesium in the dolomite / magnesite currently called "overburden" haha. I need to live a second life in sequence to do this baby proper justice haha.

(5) extensive strike of untested contact zone along which all these deposits lie and providing us with many years of exploration excitement and resource expansion ahead.

(6) extensive gold and base metals ground in Lachlan Fold belt near major gold deposits and likely developments, as well as virgin elephant plays near Cobar ......... expect some prelim drilling here next thru the NT wet.

CMR is a supermarket of poly metal reserves and likely to be a producer from several mines in the mid term, fully funded by starter oxides production scheduled to start end 06. This aint a one-hit tech spec whose technology can become outdated before it even gets it off the ground. This is a holder of world class reserves of base and specialty metals as well as uranium currently being RE-defined. It has achieved critical mass and barring a global meltdown, will soon be producing for significant cashflow which sets off the chain of fully funded future devlopements.

In fact it has an embryonic WMC feel to it ... I remember the early days of Kambalda etc ....... except CMR looks a hecova lot more diversified than WMC was in those days IMO.

My only regret is I was so conservative with my 80/20 personal rule back in the 19-22c days and then again at the 30c first placement days. Otherwise would have been now holding twice as many. Pity I am so disciplined haha.

All is according to my personal investment strategy and in my biased opinion of course. U gotta sit and do yr own assessments. I hate one-hit wonders based entirely on hype. I love METALS and we are in the early stages of a resources boom IMO.

Geez I get so excited about baby. But lets call this my review for the old year. Happy new Year to all Olympians. enjoy in good health and wisdom and with great expectations if u r on this boat !

Off t prepare for my party. C yas in the New Year.

Final thought. It is ethically wrong to ramp a stock for personal gain. It is just as ethically wrong to downplay an emerging Olympian. I have been giving my views at each stage of its development from the 19-22c base days, money on the line, forecasting forward targets etc along an ORM based technical drivers as supported by likely fundamentals developments. One minor detail still remains lost on the "gurus" perceptions' ....... viz, the political U-turn for uranium in the NT ..... and what it is likely to mean to CMR's EXTENSIVE and historic uranium assets as well as globally significant virgin plays targeted for assessment as soon as Zeus pauses his partying in the NT.

I really dont think this point is gonna reamin unnoticed by the global U-players for too much longer. We have begun A-5 and this can end up being really extended according to a coupla technicians I pay serious heed to.

Anyway, Im tied to the mast and happy to keep watch til some younger warrior relieves my vigil haha.

Happy new Year and Good Luck to all. If u have been following my incessant ramblings, U certainly need to be amply rewarded haha.

IMBOOC