the atom may be the future -- again, page-2

Oz holds 40% of the worlds known resources.

The NT is the only place in Oz which the FEDS hold jurisdiction over U mining.

Our indigenous brothers WANT U mining in the NT

The NT hence is ahead of the U -game by a long shot.

The hottest undeveloped U-spot in the NT is the Rum Jungle Uranium field. 3 of Oz's first U-mines lie dormant since the 1960s in the Jungle with yet-to-be-specified reserves intact.

CMR is the King of the Jungle. These 3 dormant mines plus NUMEROUS other targets where U occurrence was previously defined lie inside the Jungle King's leases.

CMR has announced an aggressive 25,000 metre drill program for the coming field season beginning in April.

Although some of this will go into expanding JORC reserves of oxides for its Cu-Co-Ni oxides starter project this year, MOST of this will be aimed at SIX priority U targets where U was previously identified (excluding the 3 dormant mines) with aim of providing an initial JORC resource for the Jungle uranium.

In my very biased opinion, I expect CMR to provide us with a U-JORC resource later this year which will provide the basis for being Oz's NEXT uranium producer, and probably TWO years ahead of the pack.

By that time too the oxides Cu-Co-Ni starter production should be kicking off to provide an earnings stream capable of funding the next U production in Oz (if I am on track). Final PER approval is expected in early April with final project finance and plant construction start to accompany. This oxides earnings stream alone should IMO justify a share price of around 6 bucks a share for CMR based back of envelope PE 10 on likely 12+ years oxides reserves and current metals / AUD prices.

The Jungle U later, if all goes well and sufficient JORC reserves are identified to realise Malcolm's dream of 4 mill tpa production (somewhere between PDN's and ERA's annual production rate), should provide an earnings stream much greater than that likely from oxides starter expected to kick in by end of year.

Then CMR will have the mega sulphides project to consider, but thats another story not relevant to this Uranium thread.

CMR hence in my very biased opinion provides the most outstanding free call option on uranium (as Alf Field calls it) that I have ever seen. And CMR itself offers the most outstanding growth potential of any stock I have seen since North Flinders circa 1985.

http://www.freebuck.com/articles/afield/060109afield.htm

The Rum Jungle Uranium Field is about to stamp its authority as Oz's next major uranium probvince and likely producer well ahead of the U-pack. And there is only ONE King of this Jungle.

IMBOOC. Its all on the CMR website for u to do yr own research and see if u come up with same feeling as I. I have taken a substantial long term investment position in CMR.

Love to hear your views on this.