cudeco(cdu) limited - representations, page-4

Janti,

isn't it great that despite the Price Gouging that the company alluded to in recent announcements, they have been able to keep the cost of the project so low, by using innovative approaches, such as SinoSteel taking shares instead of cash,for major items and the Power Plant and installation, getting shipping of all the components by Shinfly in exchange for shares in the company. I would have thought that these were great shows of confidence in CDU.

The company has commenced mining and continues with it's exploration that continues to define a much improved resource. The mining has exposed the short comings of the JORC, finding more mineralisation than the JORC said was in the particular Blocks that have been mined. I am really looking forward to the revised Resource estimate, now that CDU has proved what is in the ground,where they have commenced mining, and with their very successful exploration,

cheers

cj