cudeco matters, page-27

Yes, it might be so that all the fundamentals for CDU are there. But, so did GBG have all the fundamentals in place and producing and selling it's ore like there is no tomorrow. And where is their sp today.??

Don't forget that CDU has a lot of hematite that we will be producing from our mining, and that it is forming part of our copper equivalents. And, Hematite and Iron Ore, is not a very good prospect to have with the current IO prices and in the way China is willing to pay for it.

Also I remember reading somewhere that XStrata is not pushing EH too much anymore, and possibly mothballing it, because of the floundering IO prices which in turn is reducing their bottom NPV figures. I remember also reading that the Mayor of Cloncurry wasn't too happy about it either.

I wish that the figures we have been given as being representative of our Copper equivalents didn't include IO for now.

DYOR!!