CDU

http://imagesignal.comsec.com.au/asxdata/20110727/pdf/01200764.pdf

Do you believe or do you not? Many a times, CDU produced wonderful drilling results but when a JORC compliant resource is estimated, it is below expectation. The arithmetic seems to have been 'miscalculated'.

Some copper mines in South America are huge but while the thickness and deposit are big, the grade is pathetic. The gold in CDU's Wilgar deposit has one at 1m at >600g/t of Au but you don't know how long this vein is. As more drilling is done, you get a better idea but the grades have been phenomenal.

Obviously, few (especially the big boys who control many apathetic investors' money) are buying the CDU story so the share price has not reflected recently good announcements. Unfortunately for me, it is not a producer yet so it is low on my priority. But if the price continues to tumble against a backdrop of good announcements, I am prepared to pump money into it again. Already did so once recently.