cobalt, page-51

"We shall have to agree to disagree with CuDeco supplying the market with a DFS. It is not required full stop.

CuDeco is debt free. Mining costs raised at a premium at that."

Yes Maxw, as you've said we will have to agree to disagree on that subject.

Especially with the idea that you are pushing forward, or imply, that we have all the money that we will need to get us to mining.

By the way, where is the $100mill dollars that was supposed to be in our Bank account some moons ago.??

And, with the current financial environment which is prevalent in China at present, do you still see the Chinese coming up with that money or not.???

Yes, as you say, at present we might be debt free. But...there is along way to go before we will be starting to mine full time and produce some money. As such, unless we will get to be diluted a little more, or if we are not going to get into debt, how can anyone here propose that we will be able to do it.??

Yes mate. Six of ones and half a dozen of the other IMO.

And no, unlike someone here would like us to believe, we haven't got all of the money needed to get the rail and port facility ready either. IMO we will need more money, and a fair bit of it as yet. Oh yes, I forgot. All of that DSO that was supposed to be sold/shipped as well but it is still there piled up.


Will we get there.?? I would hope so and I do believe so as well. But what I am not happy about, is to how much of CDU will be owned by the Chinese before we will reach that stage.

Dyor..

Cheers mate.

Buddy