quarterly report out, page-11

CUO was a good buy in the 30c levels, it's a bargain at these prices, very very cheap.
All looks good.
I don't currently own directly. But am planning to.

An excerpt from the report today....

A maiden net profit before tax of $11.5 million was generated from total revenue of $81.8 million for the financial year end June 2008. Earnings before Interest, Tax Depreciation and Amortisation (EBITDA) of $39.3 million representing a 48% margin on revenue.
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Net profit after tax was $5.2 million. No income tax is payable.
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Copper price hedge programme protects core revenue FY09 and FY10
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Merger with Mineral Securities was successfully concluded after acceptances for 94.70% of shares on issue, and CopperCo has now commenced the compulsory acquisition of the remaining interests.