proactive investor article, page-72

The market simply forgot about it.

They've just begun producing at 5000 tonne/month at 65% Fe with the aim of scaling up to 30,000 tonne/month.

So 15,000 tonne/month would be their share…..Put whatever figure you like on sales.

Very low cost of production as it's ex copper mine tailings, only the copper was taken out and the remaining crushed iron ore deposited at the tailings site……Electromagnetic separation is all that is needed.

CDB's share of the tailings is 15,000 tonne/month, so sold at say….$110/tonne = $1.65m/month or $19.8m/annum which is around 16 cents per share gross to CDB.

Keeping in mind that the current spot is a shade over $140/tonne of course.

Project life of 5 years.

Plus multiple tenements in a great address, one of which has just had 4000m of diamond drilling (Assays due any day) carried out within the same mineralised structure as KCN's 95m oz(From memory) silver deposit. Undisclosed joint venture talks also taking place.

So what's it worth?......Probably a hell of a lot more than a market cap of $4m.