Sneakin in a look after surviving a plane trip from Chengdu to Jiuzhaigou on the north eastern Tibetan Plateau (actually part of SICHUAN Province now). Try flying in clouds no visibilty and then seeing ice-capped peaks same level as yr wings 50 metres either side. As I contemplated the Indiana Jones movie where he ends up on an icy slope, the best was yet to come. Try landing on a SHORT runway at 3500m altitude atop one of those icy mountains with 1000m straight drops either side ... in a snow storm haha. These pilots are good ... must have aircraft carrier landing experience haha. And I thought my crazy Tibetan bus driver trip to Shangri La last year took first prize.
Re U and China ....... there is simply NO WAY OUT other than U for future Chinese energy without permanently disrupting global oil and gas supply. Lotsa gov subsidies on energy to domestics and its costing them. Yet only 2% U heading for 4% bu 2010. They really need to get to 25% and thats gonna be a major driver for POU in years ahead. Construction cranes everywhere and power shortages in many places.
CMR is well placed long term. U stilll see news about copper cables being stolen eg. Gotta admit a bit boring short term but u know the technos .... longer the base, stronger the ensuing move. It aint everyones cuppa tea now but cant see a better investment core for any resources portfolio. Sticking with my core and also playing a few other emerging Olympians to pass the time. We are in the exploration season again and lotsa real work will be happening so expect the "quiet" may be short-lived. Personally wanna hear about stats of MT Fitch approvals process cos if we are gonna be a 2 mill lbs pa producer at current POU, a PE 6 would merit the Holy Grail in its own right. cf with PE 37 for U producers on the TSX last I looked. U would have to think our leaders are all too aware of the imbalances hey?
Jiuzhaigou is a fascinating place. World heritage national park. Hiking thru it u feel like u will meet a panda or snow leopard come outa the forest. Very chinese in efficiency on how to move many people in short time if u do the tourist package thing tho. Glad I didnt.
Remember to always praise Zeus. Gotta say, we sure have a hot resources spec market atm ...... shades of April 1987 ??? Play it smart and safe always.
IMBOOC
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