tech thread- just t/a comments :), page-15

Scroogymcrooge,

I do not have a crystal ball to give you a share price CDU will have when it is in full production.

That will be determined by the market on the basis of the quarterly profit distributions.

To have got to this point CDU has had to raise funds in the most difficult of times. There is no benefit to shareholders if you have a resource you cannot develop if the necessary funds cannot be raised and raised at prices which do not cause severe dilution. .

CDU thankfully has gone beyond that point and is going mining.

There is a current proposal lodged for an upgrading of the throughput from 3 million tonnes per year to a mooted four and a half million tonnes a year.

This also ,if approved, will significantly lift profitability.

Wilgar will also be a contributor to profitability but there has been no indication when it will come on stream.

What should also not be lost sight of is that initial mining in the first ten years will be by low cost open cuts with ore starting from surface similar to Wilgar.

CDU has designed its processing plant on the basis that there is more native copper than allowed for in the JORC. If this turns out to be the case, CDU will be very profitable but work on the JORC figure for now in your calculations on profitability.