cdu likelyup soon in senate inquiry into asic, page-74

I just read the report you were referring to GRAR and I read it with a clearly different perspective. I put CDU in the category of a big air company and not a hot air company. My view only and that fits in terms of me holding stock and you not holding stock.

Here is a link:
http://www.abc.net.au/lateline/business/items/201106/s3249969.htm


The tall poppy syndrome is still an active part of the Australian culture and many are non believers until after the event. Fund managers in Australia are repeatedly reported as not having the ability or nerve to invest in microcaps. As is and has always been the case it is a risk/reward proposition. A no guts no glory approach.

I suggest I taking a look at the following announcement.

http://www.cudeco.com.au/pdf/20130411%20Copper%20Grades%20Higher%20than%20Expectations.pdf

There is reference to a nugget of native copper called "Ben Tellinya". 3 tonnes at 40% Copper. I'm Tellinya that has to be a good thing. If Ben is not alone its an even better thing. It is reportedly pervasive in what has been uncovered thus far. In any mining deposit "grade is king" and that makes it 120 times cheaper to mine than 1% copper deposit which is certainly economic depending on the scale of the operation for this small sample. The news thus far is that native copper is pervasive and outside predicted zones so it adds upside to current expectations.

I put "Ben Tellinya" + "Pervasive" together and for me it = "a bloody big smile". I guess it depends on your risk adversity but for my two bobs worth the project is substantially de-risked and I am backing WM and his team to deliver.

Only time will tell but I am on the cheer squad.