copper confusion, page-160

aka,

This is what I said "The processing plant has been designed to cater for 5 to 7 % copper in the early mining years ".

Wayne McCrae has stated that the machinery to handle the native copper nuggets will be removed once the native copper nuggets run out . He did go on to say that the upfront machinery would be retained should more native copper nugget deposits be found,

The company has noticed difference in copper content between the diamond drilling and the RC drilling.

Wayne McCrae says in the video "There is something very big under there " that programs are not designed to cater for ore bodies like Rocklands .

On recollection, I recall you saying that only mining will establish what Rocklands has and I endorse what you are saying.

For my part I am going with the current JORC calculation as it will see CDU profitable.

If, as the Company believes, the JORC is not a true reflection of what they have proves correct,that will be the icing on the cake.

As for analysts reports,I do not put much faith in them. The so damaging, unsigned Fosters report at the time of the first JORC is a prime example.

Wayne McCrae has applied for a greater throughput than the 3 million tonnes per year [ mooted to be four and a half million tonnes] and this will have a big effect on profitability.

Wayne McCrae has also said that ,in the future, if economic conditions are favourable then an increase to 10 million tonnes per annum throughput would be considered.

Then we have Wilgar which will be mined.

Other factors like mineral prices into the future will also have a big bearing on profitability.

With so many variables,the native copper nugget effect,probability of higher throughput,variability of metal prices into the future, mining of Wilgar and the possibility of further economically mineable discoveries, profit forecasts to my mind remain questionable.

Mining of the open cuts of Las Minerale and Rocklands South will give an indication where CDU is headed.