what are they worth

Going throught the 2006 Financial Report released 29/9/06. Highlights below....Makes the current market cap of $13M look VERY cheap IMHO.

Redbank Copper Prospect.

1. A JORC classified mineral resource estimate generated by SRK Consulting has identified Indicated and Inferred Mineral Resources at Redbank of 4.2 million tonnes at an average grade of 1.5% copper, for approximately 65,000 tonnes of contained copper metal. That would make the metal in ground about A$500M... (65,000 x $2.60US/lb).

2. The plant is expected to progressively increase copper production to an initial target of rate of 80 - 100
tonnes per month, providing an initial revenue base of around $7.0 - $9.0 million per annum on an annualized basis at current prices until depletion of the stockpiles.

3. Further exploration. (Not all of them, just the best below)

- Target16
Hole A042 from 3.0m to 21.3*m for 18.3m at 6.5%
Hole A046 from 6.1m to 25.6*m for 19.4m at 8.8%

- Redbank
Hole AZDH40 from 9.1m to 30.5*m for 21.4m at 3.4%
Hole AZDH44 surface to 30.5*m for 30.5m 1.9%

NOTE!!! * is end of hole!!!

- Bluff
57m at 2.06% copper from 11m down hole, including 25m at 3.26% copper from 29m in Hole BL06-7;
37m at 0.96% copper from 73m down hole, in Hole BL06-10.
Hole BL06-1, 44m at 1.51% copper from 80m down hole, including 8m at 2.73% copper and 3m at 3.41% copper;
Hole BL06-2, 34m from surface at 1.18% copper, including 7m at 2.17% copper;
Hole BL06-3, 25m from surface at 1.00% copper.

- Punchbowl
Hole AD1 from 38.0m to 158.0m for 120.0m at 1.00%
Hole AD1 from 200.0m to 292.0m for 92.0m at 0.90%

Fiji Gold Prospects

1. The total mineral resource position for the main zone at Mineral Hill estimated in accordance with JORC
guidelines is now 3.4 million tonnes @ 2.2 g/t of gold for 240,000 ounces of gold, in the Indicated and
Inferred categories, based on a 1.0 g/t cut off.

2. PERTH-based explorer Redbank Mines says the latest diamond drilling work at its Mt Kasi project, on the south coast of Vanua Levu in Fiji, has confirmed high-grade gold mineralisation within the Waidamudamu prospect giving the company confidence to announce it is now targeting a resource of around 60,000 ounces for the prospect.

Company

Book value of 12c a share (at 06/06). Just for a comparision of book value vs worth (For the non-accountants), CDU's book value at 06/06 was 14c.