my opinion on this stock has changed some what and the key...

my opinion on this stock has changed some what and the key attraction is solely a takeover. Current spot prices for Co and Cu with my calculation shave this at a loss of over $10million a year and thats taking into consideration a reduction in opex costs. The fact is that if we are in a deep recession than i cant see metal prices increasing in near future.

oly question to you if you believe BHP may hit as low as $12 next year, then logically that would assume that metal prices will be at current prices or lower next year. CMR is still debt ridden and i dont believe can withstand a long period 12 months + of depleted metal prices. This is clearly reflected in the SP a bear market only cares about current profit assest value of plant etc mean zilch at the moment.

Anyway just being a realist to say im dissapointed is an understatment, i still hold and tarde parcels good luck to all. There are bargains out there in the resource sector but iideally you want to find a mid cap profitable company with zero debt for great upside, CMR SHOULD have been that company.