re: regurgitation
I don't think you will be sorry Motors. A recent article in the Mines and Money magazine pointed out that Japan had a similar demand for resources in 1950 and it lasted 30 years. The article went on to state that only 15% of copper imported to China went out as exports, the other 85% was used for domestic demand. China is modernising and with 20% of the world's population that is a huge demand for resources. CDU has good Cu grades but it also has a Market Cap of $300M. IRN's big copper mine in the Phillipines is only getting 0.59% Cu grades. Rio has just said that it will continue one of its copper mines and there are other copper mines in Australia but we have a skills shortage. What is the unemployment rate in Africa? IMHO DNL is undervalued. More assays are due next week lets hope we get some good results.
DNL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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