here we go again ! pre open ?, page-34

Fair enough RNF. I would prefer that you were right than I. Either way I think we all make money in the long run, it just comes quicker if your right.

Two thoughts on your comments:

"it's real value cannot be calculated until the ML is actually in the hand". I suggest it is important to differentiate "value" from "share price". They are two very different things. Value is subjective while share price is actual, although non-static. No doubt having an ML adds real value in the longer term because without it there will never be any revenue, but if the perception is that the ML is "in the bag" then pricing that value may already have been done to some extent. True value is likely to only be reflected in the SP after mining commences because until then any assumptions about the revenue and profitability of the mine are probably vaugue guestimates and surely it is profitability and the longevity of those profits paid back to shareholders that we ultimately "value" rather than just the permission to dig. The ML in itself is a major milestone but doesn't resolve the ultimate question of value discussed above.

If you are of the opinion that "it has been 'botted/capped' for quite some time" then I would ask if you think there is any specific reason that such activity would or should stop upon the issuance of an ML ?

Gook luck to you. I'm sitting in a long position and believe that 2012 is likely to be a much better year for CDU.