re: lead reserves
Doe Run? Absolutely not ta! Reckon we would aim our nuke shark spears at them if they did.
No need anyway. Sulphides should be our # 3 in due course. Got about 80 mill tonnes sulphides at just under 5 % Pb (apart from all the other goodies) so far methinks, tho recall last deeper holes below 350m open-pit line were coming up at +10% Pb, so looks like "mother's" below.
Reckon by time we get stuck into sulphides exploration later might well see a coupla hundred mill tonnes in the kitty ..... all that contact strike under cover. Can u imagine the damage we could do with oxides then oxides + U cashlows here? But brick by brick Hot lead. By the time we come round to LEAD might well be double current price anyway. Personally more interested in increasing oxides reserves first.
Doe Run did have the right idea tho. They wanted CMR to be their Lead production / supply base for China. Silly plebs tho. Missed the mega-opportunity. Not their fault I guess at 18c/lb THEN price...... but did retard our own progress ..... which created the buy of a lifetime for Olympians tho Zeus bless them !
Btw check out latest metal prices ex kitco :
Live Spot Prices
SPOT MARKET IS OPEN closes in 49 hrs. 34 mins. change since 19:00 London Time Price: US$/lb
Lead ¬ Dec 07, 12:44 Bid/Ask 0.5099 - 0.5117 Change +0.0067 +1.34% Low/High 0.4968 - 0.5122 Charts
Uranium ¬ December 5, 2005 Ux U308 price: 35.25 Change from previous week +0.75
And there's mellow yellow on cue too headed for 100 bucks a lb. Mme Fu threw a challenge at our politicos last Thursday....... "U got it, we want it, but we aint gonna buy it from yas if u dont stop yr silly politics and gurantee us supply". Cool. She must be studying that texan poker game. Reality is we hold all the aces .... cos there aint too many other places she can get it from in the next 5 years cos thats how long it takes to set up production usually after you've found it. Might be a bit sooner tho in the Jungle. The Jungle supermarket is gonna be her one stop shopping for all needs I reckon.
At a table of Olympians last night, we were making bets about the gold price and other things. And it came out naturally that we were betting in lots of CMR scrip .... NOT dollars. Sign of things to come I reckon. CMR scrip is gonna be the REAL currency ahead, not worthless bits of FIAT paper haha. Been saying that all along haha.
Anyway, lets hope we remain in Zeus' favour in our quest for the Goldebn Fleece. The "experts" now reckon the commodities boom is only just taking shape and has til 2014-2020 still to run. That first number has been the Grand ORM time target from 5 years ago for the K-cycle peak. Dont mind the extensions called. But wanna get the cruiser next year cos will be too old to do anything with it that far out.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
