value adding, page-8

aka,

Value adding is worthwhile and should not be discounted. My thought on this is that production of copper wiring and copper tubing would be done outside Australia with a company already in manufacture of these products. Because of the Chinese connection, I have always been of the belief that manufacture would most likely be in China.

If it were to happen in the short term , I would welcome it. However, the main game is to turn the increasing stockpile of ore into profits . That day is fast approaching.

CuDeco is in the strongest position ever. Mining and profits are where CuDeco is headed. My confidence about CuDeco is higher than it has ever been.

Yesterday ,I was speaking to an overseas fund manager on a brief return to Australia. The fund he manages provides funds for mining projects. Interestingly, he said the position had changed from two years ago and that the dearth of money for investment in new mines was an advantage for his fund.

There are many more mining projects around the world for which capital is being sought and, because of that, he is able to be selective from a range of really worthwhile projects.

CuDeco has raised the capital it needed at price levels above today's share price.

Think of where CuDeco would be now if it were trying to get Rocklands away with a share price in cents like our neighbours QMN, GBZ and AOH. Their projects sitting there awaiting development will, unfortunately for their shareholders, remain as such for the foreseeable future..