CMR 0.00% 15.0¢ compass resources limited

cmr igv 118 dollars per share 3 march 2008, page-30

  1. 20 Posts.
    I think there is some real rose tinted glasses being worn here.

    Everybody seems to assume that once the plant is built that everything will be sweet and $100 bills will rain down from the heavens.

    For a serious re-rating to occur (IMO) the following needs to occur:

    1) Plant commissioned on time
    2) No more cost over-runs
    3) No commissioning problems
    4) No production issues
    5) Operating costs have to be held tight, really tight as a lot of the upside from high metal prices is being diluted from the booming AUD

    With history of last 12 months who has rose tinted glasses.

 
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