AISC $500, page-5

Hi guys

Any one could shed some light about CDG?

I can't find CDG mineral reserve and ore reserve

I cant find its mine life so it impossible to have rough figure how CDG could worth given it has 15m Debt...

Also, it's cash burn is 3.28m for the quarter ended 31st March while it only has $700k cash at bank by 31st December 2015 plus $500k second tranch CR received at 5th Feb 2016, therefore, another 2m roughly is lacking. Because gold sale only booked for $1.35m for December quarter 2015, if we assume similar figure for March quarter, CDG still need find $650k to make up all expense for March quarter.....

So based on above, how can CDG pay off debt of 15m by end of 2016 when it could not break even for March quarter.......

Also, CDG had pay total $4m and loyalty to its previous JV partner.....

To put it in simple,

15m +4m=19m (debt +payment)

Gold sale $1.35m *4=5.4m per year

So 19m/5.4m=3.2 year

And bear in mind it could take CDG 3.2 year to pay off those debt and without take account of any other expense of cost of good solds, admin, any potential payments every quarter.....

Lastly, even CDG double its gold sale by 3 times, it only could manage to pay off those 19m by Mrach 2017....

But where it could find funds to get it though each quarter then and is it possible and realistic to triple its gold sale in such short time frame?

It's MC is 12m st 3.8c, so when take account those debt, it is really overvalued at this price from what I could see at this stage......

Whoever support CDG, please counter my points so I could be confidant of buy into CDG, I saw Volconic post tips at STT, so he might be able to give me a reasonable answer.

Thanks.