The biggest news ever from company's history is due out in coming days. CSD and SPM are merging as ONE in my view and this is the best outcome for everyone. 1.Valuing CSD at 20 cents a share,that's a third of NPV. 2.Issuing 200 million shares to SPM that valuing SPM's $40 million investment at 20 cents a share(potentially worth $100 million plus,their 200,000 tones copper alone worths $1.5 billion revenue). 3.To convert listed option that gives 12 million cash in the bank. 4.$75 million exp will be reduced significantly by hiring and loan agreement from Mt Tong's contact. 5.The mill will become the only processing hub around Mt Garnet area for next 50 years,plenty to feed from neighbouring sources. CSD gives away some so does SPM. 1+1 is great than 2. SPM's previous placement and 7 cents option will worth 20 cents from this deal. Anyone has better ideas please.
CSD Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
