12 steps to $4 /sh in 6 months or less
Action plan 2 H /09 and target prices
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1.-- May 09 -receiving USD 10 m down payment (USD 12m = CAD 15m ,total to-date)
......on PDP cash sale CAD 115 m .= $ 2 /sh
2.--June 09 cash and equity stakes in 3 companies = 50 c / CDU share.
...Rest of co and $ 1.5/sh cash coming is priced @ 58 c ...geeeeesus
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3.--June 09 part of PET - initial independent, N.I. 43-101 compliant resource estimate by SRK is anticipated imminently
4.-- June 09 onward PET : Cardero is in discussions with major iron and steel groups
....and is considering both a joint venture to production scenario and a potential sale.
5.-- July 09 ,PET full-scale pilot plant melt tests scheduled to commence
6.-- Aug 19 or EARLIER : irrevocable letter of guarantee from a senior Chinese bank guaranteeing the payment of the balance ( CAD 90 M) of the PDP purchase price.
......CDU share price by then = $ over 2. ( 100% in less than 60 days....geeee)
7.--- Aug PET full-scale melt test results
8.-- between Sep - 17 Dec 09 - full payment of CAD 90 m - closing PDP sale - share price then = +$ 3 .
9 -- Q3/ Q4 / 09 : drilling Organullo Gold Project, Argentina +Cu and Bismuth
10. -- Q3/Q4 2009 follow-up drilling - Baja Iron Oxide Copper Gold Belt, Mexico
,,,best hit so far : 6.5 m of 4% Cu. Copper mineralization in every borehole over a 38km strike length
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11.-- 3 Q 09 an independent N.I. 43-101 compliant resource estimate for Longnose
....Consolidation of titanium-iron deposits in north-eastern Minnesota progresses.
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12.--unscheduled events ; The old JV partners (NEM.,Ethos) or the new partners CDU seeks , may just strike more 'gold" for CDU.
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IN SUMMARY :in next 6 busy months we will get :
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--- 2 N.I. 43-101 compliant resource estimates: PET and titanium
---2 drill relults on 2 properties involving mostly gold
--melt test PET
-- maybe another BIG DEAL with PET $ 100m + $ 100m ?... $ 2/sh + $2/sh ...+ ???
-- results of JV partners activities , moves ,on other properties
--$90 m cash and the great things CDU will do with it (just collecting say,10%interest on $ 100m = 17c/sh)
-- unlike most other juniors - NO DILUTION