with a headache after the celebs .... we fluked a 1.0 win over Ghana with half a team so bears well for the road to Sth Africa praise Zeus.
CMR AGM , oh yeah , sorry ....
Tell yas more later but what I got out of it backs up my expectation we will finally achieve the Holy Grail (1331) some time next year.
In a nutshell for now
Oxides ... we will probably see 15+ years resource base and based Huntley's past 26 mill NPV per year fair value(back then at the lower spot prices), means we should see around all time highs into EOY as production hits design on OXIDES alone IMO.
Sulphides ... looks like some big resource upgrades coming up in June .... hey its almost June aint it? Global sharks WILL notice.
Uranium ... my FAVE ... watch this space. MAIN POINT for mine is that the rich stuff we know about already (east of Browns) will be in co with sulphides ... add a circuit and hey presto, sulphides JV plant produces U for RJUM with no major capex ... thats my take reading the body language ... unless of course we meantime find a standalone Ranger or 2 (GT's 2006 EGM quote) which justifies a solo plant ... tho we still dont know what Mt Fitch is all about. Personally reckon RJUM will be worth as mutch as CMR cos Ima Jimmy Dee disciple but more on that in due course.
Corporate ... we are in good hands ... new team with lotsa oomph ... EXCEPT for lack of realisation YOU GUYS IN HERE affect the shareprice more on a daily basis than anything they say or do until earnings drivers kick in. CMR needs a Director of Market Feng Shue to complete the wealth creation cycle. More about that later too.
Personally "see" old highs by EOY on eranings drivers from oxides and then maturity of sulphides project quantum leaps us to Holy Grail in 2009 on HNC "go" for sulphides. I am SO HAPPY oxides is effectively standalone size so analysts need to rethink NPVs.
L/T u can apply yr own PERS to 3+ bucks pers share earnings from a mature diversified resources miner with few peers in Oz.
My core holding sits hidden and I will continue to cfd trade the pivots ONLY on long side for I fear the wrath of Zeus sending in a takeover bolt anytime. Sabre wouldnt have a clue re FA but he too serves his techno-purpose for my trading profits mucho taaaa.
All above based my own cosmic smoke and based constant spot in AUD, no global DEFLATIONARY depression, no war with China. In likely expanding STAGFLATION, the ARK will THRIVE !!!
IMBOOC .......... Zeus be praised always.
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
