re: cmr / only just ..for riv..
Seriously guys, who cares about Uranium mining atm. Why aint u guys doing a song and dance like me that price is now up to 60c and the Borg are assimilating everything they can get their hands on. So in the logic of half an intelligent man, it means that another move thru that pivot at 65 ...which dont look like its gonna be hard now considering where is the selling gone come from next .....sure looks like the well is drying up fast to me .....whats to stop this baby making a placement at a buck or so to fund its FIRST MINE which has got to be worth at least 3 bucks a share to us 12-18 mths out whether u look at NPV or PER basis .........and still ONLY have about 100 mill shrs issued and zilch debt.....all the way to self-funding the SECOND BIGGER operation viz sulphides ......which according to SEP Q report, at a PALTRY production rate ex 18% of reserves for export concentrates is worth an ADDITIONAL 370 mill NPV to us ?????? Yeah at 35c we were wondering about debt etc etc ........well we r now at 60, with the next tech pivot 110 in sight and its all over !!! Critical mass and the chain reaction towards a billion buck cap begins ! And it may well be a U3O8 sniff which takes us to critical mass. Its almost Biblical. Reckon U-mine will prob be no 5 behind oxides, sulphides, local yellow stuff, foreign yellow stuff. But it dont mean a few sniffs now aint gonna be welcome. If I was a Great White I'd be rapidly homing in on the smell of blood right now with jaws wide open. But as I said, it wld need to start the bidding at 3 bucks to shake out any of mine right now. Once production starts, PER 10 gets u 5 IMO. The snowball has just started its roll. Dont lose focus of those precious Oxides. Dont lose focus of that June decision / PF date indicated .....homing in fast now. Lets hope it can ease off a bit to let the straying loyal get back on board in time. :) IMOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held