copper plays posted by mamba

Have a very close look at CDU (Cudeco) at Cloncurry. Now basically fully funded, with around only 200m shares issued with Plant & Mine at Rocklands well under construction with Commissioning to commence later this year.
Not cheap but unique and complex deposit which has required over 340,000 meters of drilling over the last 6 years or so. But there is lots of high grade almost pure native copper production to come in the early years giving potentially very low cost mining & rapid payback, and hopefully good dividends to come!
Obviously the rich native copper was mostly missed in the JORC reporting controversy under "nugget effect" discounting rules. But obviously different rules should apply to such a rich native copper resource which is likely to give far higher grades than the JORC result.
Also and very importantly, due to the prevalent soft ground conditions in the predominately percussion drilling much of this native copper may have simply been pushed aside in the drill holes instead of being blown to surface as dust through the 20mm dia drill core for sampling and reporting purposes. Very hard to crush native copper to dust I guess! copper is very malleable.
Starter Pit excavation recently commenced and 5000 tons have already been mined ready for plant commissioning purposes with lots of native copper in the stockpile which is likely to be marketed well before full scale mining begins giving potential early cash flow. Cu grades in this stockpile have already been assayed considerably in excess of JORC grades, with the pit excavations still yet to reach the top of the high native copper zones.
Have been in CDU for 3-4 years now and have held on tightly during the earlier JORC reporting debacle which was thankfully very short lived with the company being well supported since relative to the prevailing market sentiment and it's peers.
No guarantees here but with full scale mining soon to begin now the early results will likely show the results I believe are possible here , and maybe CDU will then be re rated towards or beyond SFR should the deposit and grades continue to grow.
With almost all the hard yards now done well worth a look, see the latest releases and native copper pics etc.
Despite his knockers CDU MD Wayne McCrae has been a inspiring to watch as he has steered this company uncannily towards full scale mining against all the oddsusing multiple buy back campaigns to thwart the short sellers, and market manipulators so shamefully rampant today on the ASX.
DYOR always, and good luck.