high grade zone, page-28

Hey gjcl, why do you think that CDU will pay dividends before SFR?

SFR management have said that they are expecting to pay their first divies this year - do you think CDU will have sold enough product in the next 8 months to have some leftovers after paying for the remainder of the plant and port and rail facility?

DSO sales are logically the most plausible way that could be achieved in the next 8 months given the lengthy process of building and commissioning the unique alljig process plant.

Very rough back-of-the-envelope calculations* suggest that you would need somewhere between 50,000 and 70,000 tonnes of 21% DSO to pay off the $70M. Does anyone have any idea how much of this DSO product there actually is?




*calculations could be absolute bs.