this may explain cmr price demise, page-11

MV,


Great article logical and forward thinking, why Huntleys uses ridiculously low metal prices in its calculations is below me and yest that article has been posted about 10 times on this thread and Huntley's wrote it probably trying to save face after soo many buy recommendations at high prices.


MORE IMPORTANTLY i think one must understand the importance of the points raised in MV's article. The significance of CMR being a produceer NOW is absoloutely critical. In an environment were capital is scarce and new project are abandones, exploration is coming to a halt the pipeline for new discoveries and meeting the growing demand of china metal prices will continue to rise until funds are flowed back in to juniors, which i can t see happening for a while.

Also note that based on current spot prices Oxides is profitable and 54M debt is a tiny amount. No doubt teh Chinese know the equation and the importance of a huge resource deposit in a safehaven that is in production. Oxides will be a success and when the effects of the devastation of the junior miners sets in metal prices will continue to rise and the profits will exceed Neils projectiosn (IMO) and to that dropping raw material costs and a focus to reduce OPEX and i think it will provide a decent profit. Remember this is ONLY the preview SULPHIDES is what its all about, or from an SP point of view go ahead for the project.

Ask yourself this what will the company be worth if it has a running profitable plant in the current environment and 1 year from now 1 billion in approved funds to kick start the sulphides project ?????????????????????????? OHH yeah and we wont even mention uranium now, lets not forget the imprtance of that and the trend of developing nations turning to nuclear carbon scheme bogus wont clean anything and with India clear to purchase U expect demand for that to pick up substantially.

so 50c well all i can say is even if you were a gambling man the odds are definetly in your favour. On the downside there are unknowns but ill let OLY's conspiracy theories go into that. Dont like the convertible loans as now we have two parties interested in depressing the SP so they can get more pieces of the pie and cause further dilution. Also the Chinese factor they are business savy so wouldnt be suprised if there is manipulation. Regrdless with short selling banned we should get some reprive from the selling pressure and hopefully stability returns to the market.

Sorry blurbing on call me stupid i have taken a big loss on this stock but still believe it has huge potential hopefully its realised.