Great AGM was impressed with the board with teh future plans. They also received a fare share of criticism in regards to their PR management somehow i dont think they will do anything about they just didnt get the point. Ill give a summary later key highlights
Entre: (oxides) * Oxides on time for end of June * upgrades expected +2-3 year mine life to current estimates * June updates on upgrades * June updates on revised numbers and earnings
Main:(Sulphides) * Project team to contiune study * General feel that splitting shouldnt be a problem a few models currently being investigated * Plant estimates being collated, land, electricity water etc * Feasability 09, fund approval post feasability and if all goes well production 2010-2011 * Good vibe from management and acknowledgement this is there big earners
Dessert: Uranium * Estimates can be HUGE here holes being drilled * Results in June * No firm plan on Uranium production as yet in corp stratgy * Current oxides mine could be used to split teh uranium as a by product (thanks to HNC) yet they cant touch the uranium all ours i loved that hahahhah
Other Business * Uranium spin off company (OLY was that your recommendation i could see you i was on other side of room and had to shoot off after the AGM would like to have said hi). has been discussed although not a priority
* Listing in TSX or Hong Kong discussed however not priority
* Beauty of there tenaments is taht te sulphides, oxides and uranium are all in a 100Km stretch and oln 50Km has been explored more to come
IN SHOT BIG JUNE BIG YEAR BIG FUTURE -> If they can get it right they have the halllmarks for a big future
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held