Good attempt at a valuation jumpstart..TU!I would be reducing...

Good attempt at a valuation jumpstart..TU!

I would be reducing the 100% financing of the $200M capex, and increasing the shares on issue well above your figure of 160M.

What your analysis does show however, is the sensitivity to profits from an increase in the ore's copper content. This will only be settled with mining.

I held waiting for a boost from the JORC, largely based on comments from CDU management. I will continue to hold till the BFS.

Cheers, Skip