I would be very surprised if CMR didnt book forward the first 12 months sulphuric acid from ages ago at the lower prices. Metal prices are more likely to outstrip opex ahead IMO and when u apply the relative percentages etc, considering fixed costs are in AUD, we HOPE that commodity prices rise, DONT WE !!!
U really should look at the overall pix when assessing CMR's future. If my road map eventuates, we will still be talking about Holy Grails and Golden Fleeces for the 30% remainder ... cant see me taking up any partial bid at under 6 bucks so guess my % holding would increase by default as well.
If u had the cojones and spare cash right now hey ?
"Course it might all be a scam like some would want u to think ?
IMBOOC
CMR Price at posting:
63.0¢ Sentiment: LT Buy Disclosure: Held
