cabe your thoughts, page-2

Hi Austravel.

Wish I could offer something substantive.

The market is not being particularly logical in it's valuation of many tickers.

I cannot help but feel that we are at or very close to the bottom of this current cycle and that the speak of interest rate cuts and a falling Aussie $ may spark the start of the buying.

The funds MUST invest, they have no choice, so I expect to see more inflow of capital to the ASX very soon.

For CUR they have many irons in the fire and with targets of a 250mt IO resource there is plenty of room to move.

Right now they only have ~5mt JORC'd at Liberdade and seem to be drilling furiously to up this pronto!

The Itambe prospect will be the one to watch for assys from IMO - target there alone is 100mt of Hematite and it seems possible this could be grossly conservative when you study a map and look at the neighbours resources!

Mg seems to be an excellent prospect that has no value attributed as yet.

Hard to see any stunning recovery in the SP in the immediate short term, this assumption is based solely on the way good news from other prospectors has been received. Looks like the market is only adding value for cash generation and money in the bank, other assets are pretty well given little or no value.

Most anticipated for me will be the feasibility study to ramp up Liberdade - if this comes in positive and low capex then watch it climb, especially with a shallow resource and apparent short time frame to extraction.

I am long and heavy on CUR and will be buying again if the SP falls much lower. Having said that, there are so many others that are sitting below asset value right now and I will be pulling the trigger on one or two others as well.

Good luck, look forward to your thoughts too.

Cheers

Cabe