discovery takeover implications for cdu value, page-4

Now only 79 days to commissioning of the crushing plant.

Process,

I think Discovery is like CDU : a non producer at this stage. Comparing the two solely on grade of minerals would not give a complete picture as CDU may be more advanced with metalurgy/ processing plant, infrastructure and export facility.

There has been no sniff of a takeover offer for CDU but you can be assured that Wayne would have contemplated the possibility .

Wayne would have in mind tactics should the situation arise . Could it be that the buyback [ unused this time round] could be implemented as a poison pill?

To my mind ,it is impossible to arrive at a figure of the worth of Rocklands until we see what comes out of the ground and profits made. On top of this are the undrilled areas to which has been added the new block. We just do not know what further economic discoveries may be made.

Rocklands with its native copper is unique as far as I know in Australia which makes it difficult to compare with others.
======================================I believe there will be some very embarrassed journos and others and very happy shareholders when the first production starts and that's another day closer.