Ann: Feasibility Study Confirms Namdini as Tier One Gold Project, page-256

Fair enough

I find it ironic all this talk about their dissatisfaction with the MD and yet just last week at the AGM he breezes through with 260 million votes for and only 20 million against retaining his job... and might I add out of all directors he had the most support.

Barring a JV or the like in the next couple of months I’d expect CDV to have a similar run to WAF who fell from .40c to .20c (their discussion board looked like this to) as the market anticipates a costly equity raising... if the 50:50 JV comes with GF (or similar) we will be off to the races and the market will give back (and fast) the discount currently being ascribed to the possibility of an equity raising. While I am expecting some sort of JV or the like I did reduce from 500k to 300k shares as this is the market and you can never be to careful.

At current numbers Namdini is still an enviable asset to majors looking to replenish depleting reserves the fact is deposits of this size aren’t being found anymore and even though costs have risen they still comfortably in industry standards.