Once again, just a reminder of the many things CSD has in its bag.
Some facts to remember:
1. The company is currently producing zinc, copper, lead, silver and gold.
2. The plant is worth over $100 million.
3. The company is cashflow positive. (Approx $33k per day before exploration and development)
4. Thousands of sq km of highly prospective tenements (with mining/exploration licences granted).
5. There is a $20 million plus exploration program by Wanguo that is risk free to CSD.
6. CSD has a $10 million environmental bond, cash backed.
7. Development of the tin project is in conjunction with maintaining a positive cashflow.
8. The tin project has a NPV of $110 million (and is set to improve - DFS out soon)
9. Shares for acquisition have been escrowed for 2 years (starting date yet to be announced).
10. Future commodities include; tin, fluorite, including alluvial tin deposits.
11. Mention of rare earths? 4000 samples with encouraging results yet to be released.
12. 4166 metres of drilling per month over 3 years (minimum) risk free to CSD.
13. Very frugal and supportive management and a guardian angel art and property developer as a major share holder.
14. A 17 cent target was for a combined entity that had yet proven its worth as a producer!
15. A bank balance bigger than IBG's and growing everyday.
16. It purchased leases for $22 million.
I'm sure the list goes on but it is late.
;-)
Unlike the other post, I can back mine up with facts and figures. That is, I don't rely on reading tea leaves or looking at the stars.
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