era trouble pushing uranium price up, page-4

AND LEST WE FORGET

CMR's Mt Fitch 15 mill lbs entree is only a fraction of the corporate goals of 100 mill lbs by 2010 and producing at 5 mill lbs pa. And we know how conservative our leaders tend to be with their numbers.

Mt Fitch is only one of several glowing hot spots in the RUM JUNGLE URANIUM FIELD which CMR CONTROLS SOLO. Others may claim proximity and all that jzz, but CMR is likely to be PRODUCING well ahead of anything else coming up as commercial nearby.

Its all POLITICS for now u would think.

Also consider that as POPU increases, cut-off grade can be lowered cos lower gardes can be viable. With one fell swoop of the pen, that 15 mill lbs may end up 25 mill lbs viable at lower cut-off ......... all within an existing ML (?)

And when considering extensions all round, dont take much imagination thru the usual Olympian cosmic smoke we are well accustomed to by now, to even imagine a 50 mill lbs resource base in and around the Mount (?).

And then we have the REST of the smorgasboard which is likely to be the subject of intensive drilling from here on.

Viability is all a matter of PRICE and cut-off used as a result thereof. And when you have a new base metal mining infrastructure u can be part of just a stone's throw away at Omegas Browns , itself only 80 km south of a uranium export port of Darwin, then YOUR viability is a hecova lot easier than someone else's in the middle of nowwhere or in mau mau land.

I personally aint bothering with any U-specs unless they have bread and butter project free-carry and represent a free call option on the yellowcake ....... and there aint too many of them. My sole SERIOUS uranium play remains CMR and its likely "Rum Jungle Uranium Mines Unlimited" mature spin-off likely down the road at the OPTIMUM time for shareholders. And judging by whats happening to uncle and cuz, that time may be sooner than later.

All things considered, IMO current CMR price is justified on PER 10 on Oxides production ALONE with pending start-up June/July. The rest, URANIUM and the mega project SULPHIDES is riding for FREE in present ridiculously cheap 700 mill market cap represented by CMR's current share price.

But thats IMBOOC !!!