re: freo presentation on website
Lotsa glowing hotspots Cuz. Love status page 19 : "oxides production .... on target".
Also interesting major sulphides project feasibility starts in 2007. We gotta remember pre-feasibility was completed in 2003 then project was shelved cos of 18 c/lb Lead and 65 c/ lb Copper and 8 bucks / lb Cobalt sending Doe Run to Chaper 11. They were never gonna fund us for total .... they were gonna help us find funding haha. How things have changed so hey?
CMR had spent something like 6 mill bucks on it from memory..... 15 mill all up with prev exploration etc. Hence sulphides project is advanced and ready for the intense stuff inc full EIS.
Might begin constructing a 4 mill tpa sulphides plant in 2008 (?) producing 3% equiv Cu ? That would be about double the Ox's rate? Well, about same if u take only our 50%, for which we will have NO DEBT to repay ....... as Gamias says .... monster divvies for Olympian rowers haha.
And prob monster divvies from the mellow yellow as well poss even ahead of the sulphides (?) Whats a year either side if u r expecting monster divvies x 2 anyway, espesh if we can have a few scraaps thrown our way from next year's oxides production (prob equating to 100% pa yield on original rowers investment .... franked we hope hey haha. Again CMR will have no debt to repay for oxides capex. In fact we get it all back upfront !
If we were handed 20 - 30 cps from next year say, u can see how a 6 bucks fair value could be justified on yield basis alone starter project ONLY, given all the monster divvie growth likely thereafter.
Yeah Vogon, we got a date at the 6th marker buoy soon enough methinks.
Chart looks very nice espesh when viewed thru logscale glasses as all REAL Olympian projects should. Nice even gradient for the clearly defined channel ...... kinda targets the Grail within a year u might think if we continue to cruise inside the marker buoys ........ tho it wouldnt take much to see a break into steeper warp. Why is Kylie shown as such a big yellow star ? Love the red and yellow .... lucky colours for the Dragon in us?
Btw, anyone squizzing some of those old Cu intersections ...... 5.8 % ??? Half that would do me and my kids mucho gratias. Imagine our current Deeps/East drill program coming up with like? Early Xmas if it does methinks.
IMBOOC
Praise Zeus
CMR Price at posting:
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