Yes. If u read their reports from Sep Quarterly and broker reports from January and believe in what they say they can do, then PER 6 will get us 3 bucks next year on the oxides alone ..... and that si supported by recent 3 buck calls from Huntleys and Intersuisse.
HOWEVER .....there si NO allowance for any URANIUM developments in this figure.
So if u were playing a U-SPEC ALONE, u kinda have some substantial support basis covering yr punt.
On the other hand, if u were backing oxides alone, u have great U-spec opportunitis too ....tho this is a bit more advanced than just a U-spec cos they have stated in recent reports there is uranium deposits remaining there from the 1980s but which have to be defined according to JORC before they can give an estimate. Thats the way i read it and expect drilling coming up soon to that purpose.
Then we have the sulpphides which u really dont want to try and consider at this stage suffice to say it would do a major proud.
Then we have all the othe exploration stuff which prob should be floated off to leave Browns a clean miner ...big bonus for shareholders if it goes this way.
Then u gotta ask yourself. with all this and such a PIDDLY MARKET CAP< WHEN (not if) is a shark gonna move in for the kill.
Thats why i am tied to the mast and dont want to consider the value of my holding ...only the price ...a number.
I have personally never seen such a stock which offers so much and is so undervalued. But its all risk / reward and u gotta do what suits your personal investment strategy.
IMOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
