copper confusion, page-165

Tuskie,

You are putting in an extraordinary effort for one who holds no stock.

As for your statement with regard to extraction of the cobalt from copper oxide ore, CuDeco has spent over $4 million to get the very best extraction results and that includes cobalt .

In the 2011 Updated Resource estimate, there is less than 1.3 million tonnes of traditional oxide material at Rocklands , representing less than 4.5 % of the planned 10 years, 3mtpa mining operations.

Cobalt extraction from oxide material covers only a small part of the overall operation.

You say you are a geologist. I would leave the metallurgy to the Company experts who have done exhaustive testing on a head sample containing ore from all the lithologies and represented a blend across the ore bodies.

As for your comment regarding the drilling results coming from wet ground, I think this would be more of a problem had the company used RC drilling rather than getting out diamond core.

Much better results are obtained from diamond core drilling than from RC as explained in the presentation on the CuDeco website "There is something very big under there"

This is an ongoing program to establish extent of length of the strike at Rocklands South and , drilling will extend over a considerable length and one would think pass beyond any perceived water problem. Stay tuned for further results..

Wilgar is in its infancy. It is certainly rich in the small area currently drilled and the gold itself would be a profitable operation and CuDeco will mine Wilgar for it alone.

The intention to mine is evidenced by the fact that part of the plant has already been purchased.

I agree with you that the most likely thing will be a separate plant to the main processing plant being constructed now.

There could well be a series of plants on Rocklands . I am thinking that the elevated rare earths find in surface rock samples from the Eastern anomaly may be another. Follow up drilling is planned to test identified surface mineralisation.

But I digress. The company has barely touched Wilgar . The spectacular gold , silver ,uranium et cetera results are from surface and no deep holes have yet been drilled.

Drilling is into 1 metre of bedrock. Typically bedrock is encountered at depths of 2 to 14 metres at Wilgar.

Wilgar will be another low cost open cut.

The company is endeavouring to locate the source of this Wilgar enrichmenT and to see if there is a correlation to the anomaly to the north. Stay tuned.

The company has announced that there will be an expanded exploration program once the processing plant is up and running.

A ten year drilling program is ahead to drill the targets so far identified. Add to that the new block.

The future is very bright for CDU.