monday, page-3

Guys

She's taking off! I think people are waking up to the potential free cash flow that will come from this operation oce ramped up to 19k tpa. At the estimated 72c per lb from the quarterly (to reduce when production expansion complete) and assuming USD3.00lb for Cu...my back of the envelope calculations ome up with around AUD130m pa free cash. Not bad for a company with market cap less than $300m and with growth prospects when the expansion is complete. I'm interested in others comparative calculations.

For those wanting another good entry point, at a material discount to current market, MSX own more than 20% of CUO. (I hold CUO, MSX and MSXO).

regards
DF