CMR 0.00% 15.0¢ compass resources limited

annual report resource

  1. PAR
    9 Posts.
    Annual report out, plenty to read.
    Not impressed though. The report states that 2006 drilling has not been included in the resource estimates. Instead a revised resource for oxides, sulphides and uranium will be completed after 2007 drill results are complete.
    So we are probably looking at early 2008 before the 2006 and 2007 drilling is included in resource estimates. Considering the massive amount of drilling done during 2006 thats a long time to wait to see the impact.

    On that basis I can't see the share price going anywhere but south this year.
 
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