CMR 0.00% 15.0¢ compass resources limited

the selling begins in earnest, page-10

  1. 4,006 Posts.
    lightbulb Created with Sketch. 348
    There was wailing and gnashing of teeth....
    However...back at the ranch....
    Getting Oxides over the finish line, while quite a few potential future competing suppliers will be calling their suppliers to cancel future equipment orders because they cant get the finance to start up, either from the market or from banks. This will be happening worldwide.

    Cannot believe so many have tagged this as a uranium stock, even if it was originally thought to have 10m lb. Fitch uranium will produce enough to run quite a few nuclear generators, but they really havent focused as much on uranium just yet, but got lots of prospective ground over Rum Jungle way. Fitch U is on the surface so there are not miles of costly useless overburden in the form of sand or clay to shift like the Namibian miners will face? Its also in dolomite, which would think is a fairly easy rock to work with. It can be worth significant money itself, too. The big bucks are in the base metals and the cobalt with the icing on the cake from Sulphides being the sulphur by-product. Id much rather good facts than fantastic dreams. Now a lot is proven up and they havent drilled half the ground yet. Cant eat dreams. Plus it has very small register and capex funded from here. Good things rarely come easy in this hard world.

    It'll do me. Ta sellers. Been waiting for you.
 
watchlist Created with Sketch. Add CMR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.