Good review. I wish I could have made it to the AGM recently.
Especially positive for CFR's future is the ground work done building a relationship with people in India and a good understanding of dynamics etc.
Apparently the reason there are not more BIG co's already mining there is because they have "failed" to understand these dynamics. One dynamic in particular is that the locals want something out of it. Big co's come in and offer a measly royalty, or the like, with the intent of lining their own pockets, and understandably the people don't want them!
CFR is working with the people.
I notice the much touted NSL is doing similar.
So, all things being good on the tonnage and grade front, I think it will be an excellent opportunity for CFR.
The global economy doesn't help, but as the 7.30 report noted the other day, Australia is somewhat cushioned by its proximity and relationships with China and India, which are still growing strongly. India of course is very likely the next "China". As in entering a major stage of industrialization.
Just a shame the US is exporting their sub-prime issues, and the economic policies of the leading nations has been rather shortsighted!
Interesting day coming up no doubt...
Cheers
CFR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
