just wondering, page-3

In my opinion, $1.20 is CUO's short term peak, until CUO can provide a clear indication to the market of their production and earnings, if they can meet their production forecasts.

CUO will not pay tax for a while, so if CUO can show the market they will earning 20 cents EPS before tax on 19K tonnes, then CUO is ready to surpass $1.50 and be re-rated.

Currently copper is US$3.50 per lb or AUS$3.90 lb.

If CUO can earn AUS$2.40 per lb profit on $1.50lb costs that equals

19K x 2204 x $2.40 / 470M shares = 21 cents EPS.

Reasonable buying around $1.