huntleys update out

Valuation remains unchanged, however there is a distinctly more positive undertone.

The gist of the report is, looking more hopeful but we'll wait and see before we change our valuation.

Huntleys also mentions(as I understand it) that at current spot prices, CMR is cash flow positive and debt could be paid off in cash with no need for C note conversions, and so a possibility to escape dilutionary effects.

Anyway, a bit of relief today... I wonder how much effect the Huntleys report had, especially as the value of shares changing hands isn't that great.

There should be further upside momentum soon, with announcement of nickel/cobalt precipitate output expected within weeks.

If I hadn't put in the last available cash at 0.77c a couple of weeks ago, i would be in again now. (forget about all the cash I put in at $3.20 last year :P)