CMR 0.00% 15.0¢ compass resources limited

huntleys small companies guide, page-2

  1. 8,972 Posts.
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    Just doing a few calcs on the Wyoming Royalty interest...the resource there is crurently around 500,000 oz.

    Using that royalty numbers, CMRs interest is around 20,000 oz (For FREE).

    That at 600AUD for gold equates to around $12 million (or around half market cap!). Of course it actually needs to come into production.

    Add the 10 mill approx in iron royalties...and CMR market cap is almost taken care of in royalties only.

    In other words, if both royalty itnerest areas get into production eventually, the Browns resource is just pure upside.

    And in December Alkane had great drill results so the gold resource at Wyoming is likely to get larger...and therefore so is the royalty.

    Cdchi1


 
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