why cdu has to be a lt investment, page-5

That was a great well thought out post fengshoey. You obviously know your stuff! I cannot believe you were able to zone right in on what right now (IMHO) is the most glaring problem facing the company and it's shareholders.

"I do think that CDU must feel they have something to lose by opening up their in house feasibility. Most good miners are proud to show it off."

You have hit the nail on the head mate. A DFS was indeed started. However it was never finished. hmmmmmm There have been 2 main reason reasons talked about as to why it was scrapped as the numbers started to come in.

The first is that as there are people lined up out the door willing to invest $$ in CDU, there is no reason to spend $25 million to get the paperwork done. Its a big scary number and there was even a time when I though it was a great idea not to spend it. That was until I actually took the time to research and ask those who would know what others have paid for one.

The second is my favourite though. Shareholders in the past have sworn it is because if the real numbers were to come out they would be so good that the company would be an instant take over target. I kid you not. I won't even bother to write more on that.

Chopping and changing while producing documentation to be released to the public is not uncommon around here. One must only look at the history of the release of the JORC. It is a sad story and one that was only EVER going to end in tears. The story at that time was very similar. Nobody wanted to publish a JORC because it would mean that competitors would finally get to see the riches of the company and take it over for cheap. People who said there was any reason for the interesting way it was being "handled" were instantly taunted and ridiculed! The rest is history.

As for your assumptions (IMO)

You're the 1st person to ever want to talk about discount rates. Actually, there is already an off take in place and I expect another one next year. However (if you can even fathom this) the discount agreed has never been released to the shareholders/owners of CDU.

As some have said I expect that if CDU is still a public company in late 2014 (I personally doubt it) then the % paid out as dividends would be higher. No need to hoard $$.

I expect between 225 - 250 million shares by then. LOTS more $$ needed.

I don't think it's fair to write off future finds. There is always that chance and as much as I can point out the negatives there are positives as well.


Again great posts and as I've said before the beauty of all this is that the share price will be the one doing all the talking in the end. If it tanks I'll buy more, if it hits $6 then I know LOTS of people that will be having some great parties and will hopefully invite me! Actually they'll have to........