large untapped veins, page-8

Maybe CMR is in between their categories of "producer" and "exploration hopeful" and they dont know how to categorise haha.

Lets hope like Athena springing outa Zeus's head fully armed and ready for battle, we too will spring outa hiding with a 5 mill lbs pa cake production hey !

Love the bit where it says dont waste ya time looking outside the obvious places cos they are years away in any case. Meanwhile, hohum. But I share TCG's sentiments that from here til launch time is "set up yr future divvie streams for the long term" time. What kinda divvies are possible we may ask?

Oxides ....... my reckoning is we have about 25 mill or so losses / expenditure which can be converted to "deductable" so that takes care of first half year (tax man usually says you have to "use these Up first before doling out the booty ...... more free cash for our CFO to play with) and hence likely first divvies at second half .... lets say Nov 2008 in time for my birthday.

50 cpa net earnings? No debt to repay? How much will they keep and how much to distribute from our cashcow 10+ years for starters if nothing else? My bet is say 10c ps maiden in 2008 followed by say half earnings or 20+ cps in 2009 etc. Would still leave CMR with 25 mill pa for expansion / exploration beyond whats in the unencumbered kitty atm as we move toward sulphides.

Mt Fitch Uranium STARTER? Anyway I look at it I come up with a buck a share net on spot basics. How much of that to go back to us and how much to assimilate other boats into our U-boat ??? And then what when at 5 mill lbs pa ????? Min 50 cps divvies I would think.

Sulphides ........ here's the wild card and one cant begin to think (yes I can haha)

Overall lets go back to GTs 1 billion bucks pa general call and be heavy handed assuming half is cost ....... still leaves about 3 bucks a share NET u would think ....... ALL UNENCUMBERED !!!! Half is 1.50 ps pa? On a 5% yield basis, we would be at the Golden Fleece at that stage.

One step at a time and I look forward to my 10 cps maiden next year cos at THAT time we can start thinking in terms of convincing someone to set up instalment warrants and a way to effectively DOUBLE our long term divvie payable holdings to smart players. Everything we have aimed for in here has happened and have NO DOUBT this too which brings in another style of investor to our company.

So yeah TCG, a "mature" CMR in a "normal" resources market is now probably sitting at PER 1 or less based its likely y2010 earnings at L/T metal prices IMO with FIRST production about to open serious L/T investors eyes ...... cos we are talking likley 30+ years collective minelife peaking prob coincident with Kondratieff resources supercycle peak.

And at THAT supercycle time if it comes to pass Olympians, reckon our annual earnings may end up being multiple(s) of current market cap. Thats when TCG's call of 1 for 1 takeover by RIO would come into MY personal sights. The "E" yet to be named wave peak well beyond the Golden Fleece "C" wave ORM goal

But lets get to the Holy Grail party on Mt Lycabettus first.

Personally I can live well on only 20 cps from the oxides starter. At a buck a share coupla years later and I'll be spending ALL my time arranging parties around the world with still plenty left over for the kids haha !!!

But WHAT IFFFF ......... we might end up talking 3 bucks a share etc etc 5 years from now (?)

There are plenty methinks who are patiently waiting to see the whites of their eyes at the picket lines and for the call to charge once the techno signal is given. Me too Houston Control.

Its all personal as usual but am happy to share my thoughts as always bros. This is the ORM for CMR as monitored continuously according to the GORM and Olympian applied global geosociopoilticofinancio economics. Personally looking to add to exceed my original wad long term via various leveraged techniques once I see those earnings streams coming in praise Zeus.

IMBOOC