any outcome from the cdu meeting ??, page-52

Penny ! I Think you need to take the $4.5b over 10 years in context . Sure if you average it over 10 years its $450m per year. But If you draw a 10 year declining yield graph you could say start out with $1b revenue in year one down to $200m in year 10.

What I think you will find is the juicy dividends often quoted will in fact flow in the first couple of years then will start to decline after all of the NCU has been Extracted.

I imagine that the company wish to get the ball rolling and get the M.L approved for the 3mt p/a plant first and foremost. I would expect that after a couple of years the company will be considering a plant upgrade to possibly 10mt p/a.

If they upgrade the plant after 5 years they will be able to possibly keep the higher dividends coming through the increased production.

That $4.5b revenue figure was only copper production with no allowance for the expected revenue from the rail spur or port facility.

Plenty more target areas for copper and of course there is the Wilgar gold on top.

The Gold coast bulletin Article stated that the 60% offtake would be worth $600m per year so by extension 100% would be close to $1b revenue. Even if it only produced at that level for 2 years the total dividends paid would be above the current share price.

Cheers Hoot