Resource upgrade imminent, says top columnist Barry FitzGerald, page-27

This may have been my first post on the CMM thread.

Since then exploration seems to have supported that viewpoint. Still a long way to go but BHP probably wouldn't say no to a bit of pocket change from its NSR entitlement.

Watching BLK struggle to get an old plant up and running serves as a reminder as to some of the difficulties the management will have to face. There team looks good and a new plant may/should be a real bonus. Funding and recouping Capex - Shallow ounces of gold from easily processed dirt should help.

Bibra IMO is between the exploration and mine phase a period when the SP tends to drift sideways unless there are significant news events. A positive DFS may be the signal for a re-rating.

The manner and timing of fund raising for a new mine will impact on the SP - again BLK is an example where SHs have not fared well through the last 3 raisings - money will be needed by CMM so it is a part of the process.

The team should have the experience to get this up and off the ground.

GLTH