CUS copper search limited

Indeed, Sergeant. You're right about one thing - it will be...

  1. 5,860 Posts.
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    Indeed, Sergeant. You're right about one thing - it will be clear when it's clear! The other thing is that at these prices, CUS must be attractive to a lot of people. We talked about this months (years?) ago. Annualised, easily realised and (rapidly) growing revenue streams in the tens to hundreds of millions of dollars is the stuff the big boys dream about. Rivers of gold. Once the ATMs are rolled out it's virtually impossible to stop the fees rolling in. With regard to a takeover, we can thank are lucky stars that HHL have a decent blocking stake at what must be an average entry around 18-19 cps, or higher. And certainly Baker and crew won't sell cheaply into anything, so if someone wants it they're going to have to stump up with a price well north of where it sits now.

    Whatever happens, 08 is going to be an interesting year.

    P.S. just a thought, if forecast revenues of $80 million ARE achived this year, what will '09 forecast be when the RBA reforms are implemented? 100% again? 50%? Mouth watering.
 
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