Done some research on this one. More for the Vanadium aspect for me but does also have two reasonable greenfield projects near Mount Isa/Conclurry.
Tight capital and intrigued to see who maybe taking the 3.5 million worth. (Reading between the lines and my thoughts only it's someone from overseas if they are allowed to particpate). Bugger all sub 20 cents to churn through (just over 3 million if they choose to sell).
Good manangement and location with the Qld Gov pitching in with general funding for Critical Resources. Drilling and updated JORC this year. Also potential of other sort after resources apparently present on drill assays.
To me QEM seems to offer the best comparitive from a project perspective but I struggle to find the depth used to obtain their huge inferred resource which at this stage is more than 10 times greater than CMG. Obviously also way more advanced and when I look at the current market cap even though a raising is probably immenient, I'm an each wayer with CMG as to whether it'll go balistic on listing. Others too like AVL just makes me think I might give the CMG opportunity a miss though I did umm and urrr about it.
CMG Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held
