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In reply to: chinaski on Friday 12/05/06 04:03pm

conservatively the share price is not half way there yet!

cheers PC

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Well done paperclip i'm still smiling very much at the speed my little share is travelling am now an investor and will await poss dividends in a few yrs time.This stock is starting to remind me of BSG got in @ .23c and hold in my super till now,have today done off market transfer to my super of my holding in CMX :-) Keep the info stream flowing thanks
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got this snip from a TOX poster! on another site.............

"I'm hearing that gold companies are being offered forward sale contracts in excess of $1000 AUD for delivery in 3 yrs...you've gotta be able to make money at those prices...now its just a game of how much you hedge at that price."

 

CMX are forcasting 14000 oz of gold and 20000/t+ Cu for the first year.( '07-8 ) the mine is copper rich at the top and gold rich at the bottom according to the radiobroadcast on the 1/5/06

lets hedge the lot for the next 15 years eh.

cheers PC

 

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i popped this on another thread.

 

ticker-- time frame--current price--forcast price

CMX------Nov'07--------$0.69----------$1.80

 

reasons.

gold / copper producer to be. 15+ year mine life with major upside in resourses/reserves.

first expected production 4Q '07 with 22K ton of copper and 14k oz Gold.

22000/t copper at $4000/t = $88mil

14000oz gold at $700/oz ..= $9.8mil

estimated cost.................= $45mil

Net earnings...................=$52.8mil

Shares 430mil

EPS of $0.12

Current PE is 5.7

at a price of $1.80 this is a PE 15

 

cheers PC

 

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need some confirmation please

pounds to kilograms = 1kg is 2.2pounds????

ie. copper $3.80/lb = $8360/ton ?????????

cheers PC

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http://www.sharescene.com/html/emoticons/puke.gif *********************0.47*********************** http://www.sharescene.com/html/emoticons/puke.gif

so i bought some more http://www.sharescene.com/html/emoticons/blink.gif

cheers PC

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  • 4 weeks later...

tipping/hoping/praying that the low of .425cents today is the end of this retrace!

the US market needs some good news tonight in regards to inflation stuff, which will inturn help commodities which will inturn help copper/gold which will inturn help CMX.

go u US freaks...................... give us what we want to hear PLEASE!!!!!!!! http://www.sharescene.com/html/emoticons/unsure.gif

 

lets just see what we have at hand right now:

20k tonnes copper per year @ 6600/t = $132mil

14K oz gold per year @ $550/oz = $7.7mil

expected costs $45mil per year........... total profit of $94.7mil

455mil shares out there.....hmmmmmm, that = 20cents per share

yeah no wonder the price has come back so far http://www.sharescene.com/html/emoticons/grrr.gif

fess up, who was the lucky buyer today to get $24k worth at 32.5cents http://www.sharescene.com/html/emoticons/grrr.gif itshoulder been me, it pulled my 33cent order this morning, oh what a dill i am

 

only my opinion folks

cheers PC

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  • 4 weeks later...

OGD/CMX merger..................

 

okay correct me if im wrong please.........

OGD share price ATM = 0.83 so.....

$0.83 ( OGD shares ) X 0.61 = $0.515

and

$0.925 ( OGD options in 30 months ) X 0.31 = $0.286

 

so

 

CMX shares should be 0.515 + 0.286 = $0.80 per share

 

hows that?

actually we really wont OGD to get to $1.00+ before late October dont we

cheers PC

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