Max - I doubt CDU has close to $5b worth of magnetite but even if it has its of no value if it costs you more to dig it out the ground process it and get it to market than you can sell it for.
Perhaps you need to do some homework why Xstrata just stored the magnetite as waste at E.H before they started selling it a couple of years back - as it turns out they can longer commercially get it to market so why should CDU be any different ? Also as as far as I am aware E.H has plenty of Cobalt as well but that also ends up in the tailings - Xstrata have mines all over the world so they can hardly be considered novices when it comes to extracting minerals for sale from their processing plants.
Best just to rely on Copper and Gold at Rocklands IMO and that also goes for Uranium even if the QlD govt allow CDU to mine " U " in the future we do not even know if they have a commercial quantity of it or what the ramifications to amending their EIS to extract it would be.
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