If I was the recipient of cash for my WMR holding and wanted to double the lot with minimal risk within a year or so, i would place 80% of the funds at call at nigh on 6% pa with the 3 major banks (not NAB) and 20% into CMR emerging producer of base and specialty metals from oxides cap next year now sitting on a PER est at ONE based next year's likely earnings.
As well as getting the likely rerate to double the entire 100% WMR cashout within a year or so, it would also give ongoing exposure to stage 2 sulphides and likely uranium expansion beyond. IMOOC
Thats the Grand Olympian Road Map strategy to wealth creation in a bear market and super wealth creation if the resources bulls take over.
BHP might well be bidding for CMR at around 50 times current 40 mill market cap by end this decade....which is really only 4 - 5 years away. IMOOC.
But I aint no fund manager. Just an Olympian riding the best play on the market atm. And thast the way ive played it. IMOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
