I have finally got rid of those nasty skin cancers we Queenslanders get from time to time. Luckily, I have an excellent Doctor and he is a good stitcher.
As I see it the EIS, when approved by the Queensland Mines Department, will leave the way clear for the eventual issue of a Mining Licence for the Las Minerale Project, Stage 1,to be issued. Of course, this is subject to all of the condiions in the EIS having been met by the CuDeco Management.
A Mining Licence will permit CuDeco Management to start mining the Native Copper(Supergene) pretty quickly.
Also, a DFS may be announced after the EIS which could be a guide to a likely shareprice short term.
I can't foresee a very high shareprice, either until revenue starts coming in or a respectable Take-over Offer is made to the Company. A big Tellurium deposit in the Wilgar area may jolt the shareprice as an outside guess.
Personally, I am not too worried about the shareprice short-term (from now on) as I actually want the dividends down the line to bolster my fortnightly Superannuation payments.
Currently, I am protecting the CDU shares that I have been able to retain after the 18/8 debacle.
Somebody out there still wants CDU shares so I have to be very careful not to overstretch my fragile financial situation. Once bitten twice shy.
After 5 years and the struggles CDU'ers have battled through, what is another 1 or 2 years for the faithful CDU shareholders to endure. I will be loyal to WM to the end for mine.
cheers
Max
CDU Price at posting:
$3.17 Sentiment: Buy Disclosure: Held
