finance announced, page-19

GFM
3,000,000x0.03 = 90,000 simple calculation
There are two problems, firstly grade and secondly throughput rate.
I am assuming post fine tuning.

Hoots makes great mention of the EIS. I don't see changing that as difficult.

With all the schennegins caused by an inferior evaluation process inflicted by outside influence we actually do not have a clue as to what is there.

Hoots made mention of Nev's estimation of 30 Million tons at 3% which the second JORC estimated at 1.7%. What most are interested in is what grade from year 1 to year 5.

Thanks to a team within the brokerage industry that have done their best to destroy CDU without a murmur from anyone except Nev, we are still in the dark as to what is there and the ASX will not allow William Michel McCrae to tell us what we own. Miss information is the key to the big end of town acquiring assets cheap.

Anyway for the first couple of years the grade could be sky high and my belief is that is the reason for the increadible finance deal CDU has entered into.

Then there is throughput! There has been mention of 4.5 MTa. There is also mention ore sorters which separate the spoil from the high grade ore. Then there is the conventional process plus a separate process for separating native copper before it hits the conventional process.

The crazy shite thing about all this is the one group who are in the dark, is us!

We have had the greens in the Queensland labour government delay what is happening by something like possibly two years. Most don't think about it, but is the greens actually a right wing training ground for subersive activity to be used by the establishment. We have had the JORC process acting to stuff all of us up. Then go read nev's report, it is suggesting a constant attack from within a system designed supposedly to protect us. Big joke! Shorting on market covering off market, wash trades, up and down tick manipulation (with different houses taking turns to manipulate so no one notices). Then there was the high court decision which no one has taken the slightest notice of.

Anyway we might have grade that knocks ones socks off, throughput well above the 3 MTa and a result well above the conservative estimate. The latest news out of China is good and that might effect copper price.

O, and in finalising 90, 000 tonnes is worth around 650 million. Take out costs and divide by the number of shares. Then try the calculation based on higher throughput and higher grade.

That guys, is the reason for the manipulation. We are in for a hell of a ride from now on in. Remember the baddies are still out there.