We all know what qqqq says about CSD; 80% majority ownership, 1...

We all know what qqqq says about CSD; 80% majority ownership, 1 billion shares, blah, blah, blah...

But I thought I would add the things he/she doesn't say...

He doesn't tell people about CSD owning the $400 million plant, mines and leases (see Bob C's quote). (Personally, I prefer to think that the plant is worth $100 million as that is the replacement cost).

No mention of the $20 million dollar Wanguo exploration (risk free to CSD).

No mention of the $10 million cash-backed environmental bond.

No mention of the $16.5 million lease bought off copper strike, which will no doubt pay for itself ten times over.

Or the $110 million NPV tin project at 111% IRR.

Forgets to mention $1.5 million dollar cashflow for this quarter is after exploration and tin project development.

I can't say there has been too much mention of CSD having mining licenses either.

He's missed mentioning the green fields and brown fields near mine resources (valued over $5 billion).

Missed the point about how management can run a company on an oily rag but still get the job done.

Forgets to mention CSD is a producer of zinc, copper, lead.

No mention that last quarter CSD produced 7777 tonnes of zinc concentrate, which annualised is 31,108 tonnes of zinc!

I'm sure other things have been missed but that's just for starters.

;-)

Enjoy knowing we have invested in a business that is growing.