CMR has to speed up with company break up into production, exploration and uranium. Otherwise it is very tough to value it.
Based on the tiny profit forecast (with constant delay) from its oxide project, not so many people are comfortable to hold it. Why CMR? How about EQN, or OXR?
The break up could be like this:
The oxide project valued on Earning, with peer like JML, etc
The Uranium project, valued at EV/Resources, $5/lb can be achieved even in such a bad situation;
The rest, based on EV/IGV.
Well, if you add them up, it might be worth $6+.
As long as you tie them up, people will always look at your weakest link at bad time (which is now), and the strongest link at good time (a few months ago)
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
