Didnt make it clear on Rum Jungle base Metals exploration ....... 50 / 50 but HNC pay 70% costs.
CMR is 100% Uranium
CMR is 100% all other exploration inc some elephant virgin ground in NW NSW.
Its NT uranium so we have head start cf others .... CMR my fave for the Yellowcake Cup.
Scoping study done for STARTER U project ..... 2 mill tpa / 10+ years. Now resource drilling so expect upgrades soon as part of DFS. Prob 2 years to production cos gotta go thru all enviros etc, but has teacher's pet status with bureaucrats.
If Rum Jungle Uranium cant get a licence then doubt there will be ANY new U in Oz and we will tempt invasion by PRC who wants it. Dont see any problem for NT -U irrespective of who is the FED GOV ...... Canberra controls the NT-U.
Keep in mind cuz ERA's Ranger is down the road and running out of U unless the indigenous brothers allow Jabiluka outa mothballs (4+ years away MIN IMO). ERA in uncle RIO's stable and Browns et al was old RIO ground ...... they retain small equity in CMR for this (no royalty).
The lot is LOW risk development IMO. Just needs to do the time and everyone is supporting.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
