All this used to be RIO's but they got caught up with a divestment virus back when resources weren't wanted. RIO remains a small shareholder in CMR tho ... exchanged from a potentially onerous (to CMR) royalty coupla years back .... now THAT was a smart move by our past leaders to whom we owe so much ....
So yeah uncle RIO is still watching the evolution of his nephew and no doubt ERA's slide-rule will be passed over once we start talking the mellow yellow. ERA are producing from tailings atm aint they?
Of course CHARTS dont show these kinda possibilities lurking in the background.
I still keep thinking of ultra conservative Mal's 50 - 100 mill lbs likely from several satellite deposits thoughts a coupla years back, and GT's 2006 AGM spiel we might end up finding a Ranger or two in the 100 km of glowing strike.
IMO base metals aint gonna end up being the prime story here ... tho gotta say when u look at 3 - 5 lbs / tonne COBALT prevalent throughout the orebody ..... seen the grades at MT fitch sulphides or is it Area 55 or is it both haha? ...... thats kinda like rich Uranium grades at similar spot prices atm ..... and we have heaps and its only PART of the paydirt .... 200 mill lbs + at early count about to get upgraded.
But I am a KEEN SUPPORTER of POU heading for Jimmy Dees "moon" in mid term ........ and technically and fundamentally see no reason NOT to support a 500 bucks / lb POU in the 5-7 years still ahead of a BHP OD expansion .... I keep dreaming of that kinda price with Mal's kinda glowing glory box likely and I havent enough superlatives for whats evolving in the jungle ... AND THE WORLD NEEDS TO KNOW ABOUT IT NOW before an ERA or like swoops ahead of our value becoming fair !!!!!
TRADERS dont see these things do they cat? Who do u think is gonna make the serious money here over next 3-5 years ?
What we are seeing now is final cheap investment opportunities for pro-active fund managers looking at the embryonic stages of a diversified mining house in the making praise Zeus.
IMBOOC
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well there u go mr wood, page-4
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