So I gather they intend to mine the small "sweet spot", sort out the highest grade ore and process that, never mind whether makes sense from an engineering viewpoint, its designed to "enhance shareholder returns". Its an approach predictably in line with their approach to drilling.
I don't doubt there will be touts who will try to claim the stock deserves to be rated with some P/E value based on initial production, and that those are typical grades rather than the possibly sub-economic chaff that remains. It will make an interesting test of whether the market is completely stupid, or not.
BTW I now have a position in this stock so hope you will all make me feel welcome on the thread.
CDU Price at posting:
$3.68 Sentiment: Sell Disclosure: Held
