Oxides is mainly copper and cobalt with a bit of nickel. Hard to separate? Wouldnt have thought so.
Why are some posters concerned about polymetal processing problems with Sulpides plant? Are any of you likely to be around on the register or shorting it by then? Ive never seen so many quack instant experts as hang on this post. What is it that attracts them?
Hunan supplies the WHOLE whole plant for Sulphides if it goes ahead(90% of the Batchelor project at moment) according to the agreement. So whose problem is it, if any? Not your/our money. CMR gets half the output and Hunan half. Expenses are split the same way. CMR keeps uranium.
No capital cost for 90% of the mine to CMR holders. This will run well over $1billion, possibly approaching $2billion. Would any of you going to be able,or interested in stumping up your share of that much? The management some of you like to bag so much got a very good deal for the company and its shareholders. Has anyone else around done a deal this beneficial to shareholders? Without such a share deal,know anyone prepared to lend over a billion dollars to a one mine startup company, with no interest, not just in this no credit environment, but EVER? Not more than a very few.
If you look at the likely total value for Hunan its a pretty good deal for them too. Not least because its a big deposit and its not in Africa, South America or Russia. They get to keep their investment, unless they try an illegal backdoor or unapproved takeover. Then they could lose it. But at least they would get a refund.
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
