koreans/japanese eyeing aussie copper/goldie, page-2

re: another dog which might loose his fleas soon A nice project 1.85 million ounces gold equivalent reserve and about 3.2 million resources.

Every rise in Au Price = an increase of NPV of USD$40 mill @0.78USD/AUD = AUD 51 mill increase
IRR increases by 20% for the same

At todays gold price of USD450 ish and CU prices above $1.50/lb dinkidi should have a value of around USD 150= AUD 198 million and an IRR of about 50%

At say $1.65/lb and USD 500 AU we should have an NPV in the USD 210-220= AUD 269-282

At present CMX has a mkt cap of AUD 40 mill Thats about a 5:1 discount to NPV

They expect to annouce finnacing soon. It was encouraging to see they are in talks for off take agreements.....They can take upfront payments which will reduce the need for further equity raisings and finnace the rest with debt.

One to watch over the next 2 months though it looks lacklustre trading at present.


So at todays prices is trading at about