Each to his own methods ....... not for me to comment on how you choose to invest.
I am a value investor and have been in CMR since $0.65 ... so I am still doing OK .... even better when I sold a parcel at $5.00 and bought back in lower.
CMR's current fully diluted market cap is sitting at less than 2% of IGV (based on CMR's 50% share + 100% U & NSW & Gold etc). There has been plenty of drilling these past few years and no resource upgrade. I for one would not be surprised to see the current estimates increase by over 100%.
So buying an asset at 1% or 2% is pretty good buying if you ask me. Wouldn't be surprised if the new Oxiana / Zinifex company might think so too with $2bn in the bank and ready to spend on good assets .... an they seem to have good management teams .... would certainly make them a leading world player in lead with their other assets.
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
