just quoting, page-126

Hi h00ts,

The figures you quote are inferior to those issued in the MPS Report on CuDeco Limited (CDU) in September, 2010.

The Key Points in the MPS Report on CuDeco were:

* 245Mt Measured Indicated and Inferred JORC resource delineated.

* Initial mining from 31Mt. M & I Resource 1.24% Cu Eq.

* JORC resource appears to understate high grade zones.

* First production anticipated for 2012 @ 33,000t Cu p.a.

* MPS has a firm base case NPV of A$4.00/share.

* Grade adjusted NPV is A$7.68/share.

* Optimistic case NPV is A$13.37/share.

* Resource upgrade likely with further drilling.

* EIS lodged with 40year Mining Lease application

* Low strip ratio and good infrastructure allow for low cost project.



cheers,

Max