I'm no longer holding CDU stock, but I seem to recall the MOU with Sinosteel would have the plant up by years-end (11) and with EIS check-list now completed, submitted and public submissions due to close 28FEB11, WM is confident of obtaining a ML sooner rather than later. I reckon they'll be producing sooner than 3-5yr's.
Nonetheless, we've got the good's, we just need an announcement re a JV partner and we're off!
Like your submission (estimate) pheonix.
qmc close to producing before end of 2011, page-7
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