buddy134, My apologies for a late reply; I have been consulting...

buddy134,

My apologies for a late reply; I have been consulting on the valuation of certain rocks.

I note your comments about valuations for takeovers of CDU; but you know good old Wayne was talking common sense some 2 to three years ago when he suggested $20 to $30 per share in his various comments to us based on modelling by Martin Place Securities as I recall. We have all been subdued by market conditions since then.

Good luck, Buddy, Conix