CUL 0.00% 0.5¢ cullen resources limited

Summary of Reasons for renewed interest - since June 3rd...

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  1. 3,400 Posts.
    Summary of Reasons for renewed interest - since June 3rd presentation

    1) NEW RESOURCE ‐ 161Mt @ 54.4% Fe March 2015 ‐ FS in progress
    MT STUART IRON ORE JOINT VENTURE

    Reason: Feasibility Study complete and positive outcome for low cost production

    2) DRILL READY TARGETS FOR Au, Cu and W at Mt Eureka

    Reason: are they mobilising drill rigs or have they already started to drill??

    3) Potential for left field announcement Tech backdoor listing - this should double or tripe current share price depending on the technology - if already in the market and generating revenue then could get interesting in terms of volume

    4) 6 Joint ventures managed by others Gold , Tungsten , Nickel, Iron and copper
    Baosteel‐Aurizon own 8.4% of Cullen; AMCI own 4.2% of Cullen)

    5) Hollandaire Discovery by Silver Lake Resources Ltd (ASX:SLR)
    – 9.3 m @ 15.4% Cu, 2.0 g/t Au and 29.0 g/t - high grade


    SUMMARY
    DVANCING EXPLORATION FOR
    NICKEL AND GOLD AT 100% OWNED MT EUREKA PROJECT – FRONTIER GREENSTONE BELT , NE YILGARN
    DIRECTORS
    CULLEN PART OF PROPOSED WEST PILBARA IRON ORE PROJECT ‐ Stage 1
    VIA ITS 30% INTEREST IN MSIOJV (CATHO WELL CID)

    TARGETING UPDATE TO RESERVE ESTIMATE and FS CATHO WELL CID (2015)

    FREE CARRIED INTEREST IN SEVERAL JVs (Fe,Au,Ni) MANAGED BY OTHERS AND PROJECTS FOR FARM‐OUT (Cu and W)
    Major Shareholders : Baosteel‐Aurizon (8.4%) Perth Capital, Wythenshawe and Associates (21.86%) Directors (5%);
    CAPITAL


    What can it be - the mind boggles


    thoughts please
    Last edited by Schumacher: 20/07/15
 
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