CMR 0.00% 15.0¢ compass resources limited

monday morning blues, page-63

  1. 4,021 Posts.
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    Just a little something to get the juices flowing.

    Consider that with resources at the previous level before the Browns sulphides upgrade last quarter, CMR was ranked as potentially the worlds third largest lead mine- even without everything else.

    OF The area known to be mineralised in the central leases, only HALF has even had a drill put in it yet. It would be very likely that there will be quite a bit more found here. This could then, be a contender for No2 spot or even No1 on the planet, given a few more years? Not sure who No 1 is, but if lead pays the bills all the rest will be cream.
    We are not looking at a little operation here. This is an elephant in the making. Gradually.

    Lead is a humble metal, but it is making Xstrata a LOT of money since they bought Mt Isa for peanuts from us. Lets not be silly twice.

    The insurance policy here is that it isnt a one product mine. It has inbuilt diversity of markets it will sell into. Thats very defensive, in the volatile world of mining.
 
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