Roh,
You keep comparing CDU with an struggling junior IO company. You cannot compare PLVs mediocre IO resource with Rocklands.
A real comparison is with SFR. They were in pretty much exactly the same position as CDU.
Only a comparison with SFR is valid, do your numbers compared to them. CDU look very ordinary.
Greater dilution, 3 times as long to get to market and probably greater debt when they get to production next year (assuming production next year).
CDU Price at posting:
$1.74 Sentiment: None Disclosure: Held