mr huntley is much happier, page-2

All makes sense, and CMR certainly appears cheap ATM, so much so that I have been buying back the shares I sold 35% cheaper now, thinking that just on established Uranium resource alone plus the obvious Uranium exploration upside, the EV is not too far away from fair value as I posted earlier. All the rest is therefore a free-carry, ie a paid-for Oxides plant and half of the profit from that plus half of the capex-free sulphides project, half the base-metals exploration potential on CMR's Bachelor tenements, plus the other exploration projects outside of NT. That's the way I see it anyway, being something of a uranium enthusiast.

Interesting article here on one junior's solution to assay delays at labs:

http://www.theaustralian.news.com.au/story/0,25197,22744926-15023,00.html


This is a true story and proves, yet again, how much of an uphill battle the junior end of the mining sector faces in trying to get its own little slice of the resources boom.

Perth-based Jackson Gold had had enough on the six-week turnaround to get drill samples assayed that it now finds it quicker and cheaper to get the work done in Canada.

That's right, instead of asking the local firms to work on the samples from its Boolaloo copper/gold/uranium project in the WA Pilbara, Jackson now finds it more convenient to courier the dirt to Canada.

The result is that the turnaround time for samples is now 2-3 weeks and the assay includes all mineral elements, not just the ones you pay for as is the case in many Australian laboratories.

It's good to see the old Australian spirit of where there's a will, there's a way has not been dulled.

[email protected]