mkt cap vs igv, page-6

Aim for simon....I doubt it very much

Take CMX for instance with their Dinkidi project in the Philipines. The project has about 140,000 tonnes copper in reserve and 1.2 million ounces of gold....Value those @ USD500 per oz and Cu @ USD6000 per ton.

They are Mkt capped at AUD 217 mill with an IGV of AUD 1.8 billion. So they are trading at about 12% of In ground metal value.

As to the project NPV they are trading at about 40%.

OK they are a lot more advanced than CDU and those figures are reserves 23Mt @1.6g/t & 0.61% Cu and the project is in the Philipines but its just a rough comparison.