potential dividend yields at $3.80, page-14

Gents or ladies

At the AGM the price of $4 per pound was used to show shareholders the profit we would make per year when mining in different percentages.
The figures below is what was said

1.7% material is $270 million per year profit.
3.0% material is $650 million per year profit.

I would think the 1.7% was quoted as the jorc has come up with 30mt at that percentage.
I would think the 3.0% was quoted as we were told that was the absolute minimum for the native copper.
I believe that the NC area will be 4% and up.

So Buddy I would be thinking we were being told that @ 650 million profit with less than 200 million shares would mean $3.25 per share MIN while in the native copper.
Then we were told we would gear up after that first four years to larger tonnage.
If we went to 6mt per year you would be looking at over $500 million profit(in 1.7% material) which COULD be $2.50.
Work it out how you want.If you think he is lying don't listen.
I find he gives the information to the shareholders so they know what CDU are aiming towards.