CDU 0.00% 23.5¢ cudeco limited

Ann: High grade ore being mined in box cut , page-10

  1. 378 Posts.
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    I've been banging on about this for a while now but it seems that some posters here would rather blame the JORC than face up to the reality that there may have been serious shortcomings by the CDU management during the resource drill out. The JORC guidelines are perfectly capable of defining the grade and distribution of sixpences in a Christmas pudding.....IF THERE IS SUFFICIENT DRILLING to demonstrate the geostatistical validity of the high grade. It appears that the problem with the resource estimate for the Rocklands Project is that there was insufficient drilling in the very high grade NCu and chalcocite zones to enable modeling of discrete high grade zones. This is not a JORC shortcoming but a failure of the CDU management to adapt the resource drilling programme to capture this data. If CDU management believed that the NCu and chalcocite zones were fundamental to the Resource and subsequent DFS then then they should have carried out a close spaced, wide diameter diamond drilling programme to validate the high grade. They chose not to, so get off the JORC's back.
 
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