2-3 buck for traders., page-5

mellow yellow price showing no signs of slowing down

March 20, 2006*
US$40.50/lb
(+0.50)


* Weekly price delayed.

At USD 50 bucks / lb, 4 mill lbs pa, 100 mill share base, CMR could be earning AUD 1.50 per share by my back of envelope previously shown in here.

Alf says POU will be more like USD 100 / lb in 2007

Jim Dynes says wars will be fought over U as it hits USD 500 / lb by end this decade ... or at least a boom to make the IT boom pale into insignificance.

We can only be guided by our politicos on timing and approvals from here and only after intensive EIS etc etc and looks like CMR might be the front-runner for testing the Oz national policy on U coming up.

Meanwhile we have a base and specialty metals oxides producer to take us to 6 bucks on PE 11 estimates with start-up scheduled for end this year.

Just a reminder of the FA for all Olympians. No mention of sulphides yet. Wait til I get back.

Wait a little we still must ........ but the landfall is indeed in sight now Alcibiades. Lets hope we dont encounter a stray current to further delay our arrival.

IMBOOC