Good to see the SP hovering near the 40c mark. IMO this is just...

Good to see the SP hovering near the 40c mark.

IMO this is just the begining for this project.

For those who came in late, this is what we are looking fwd to, "Upgrade to the size and status of the Sth African resource i.e. Waterberg Project"

In March CDS annc'd acquiring results from 22 new boreholes for their Waterberg asset. In addition to these they had data & analysis from 4 holes drilled by BHP in the past. They are now in the process of compiling a new JORC Inferred resource upgrade i.e. size & tonnage from information available from 26 holes.

Put it simply, if one knows the thickness of the seam (60m plus hopefully) & the area of the 3 blocks, you have the magic number.

What we already know is:

1) Initial JORC Inferred Resource is of 415mT

2) This should increase once data is processed

3) Tenements are located close to infrastructure & power stations (makes the dig & sell of coal very lucrative)

4) These properties were previously owned by BHPB & BP Coal & were made available to CDS, due to changes made by the Minerals & Petroleum Resources Development Act.

5) Project Partner is Lukale Mining Co. (30% stake)

Not much longer to go. CDS does have a huge potential, considering the huge demand for Coal in the Power sector in SA & the rising cost of thermal coal (touched $172).

Definetly one to lock & hold.