Hi Buddy,
I have not had the experience of a "big" lift with shares that I have held over the years. I have had a few go down dramatically, and in one case I lost 100% of my investment less than 1 month after the Company listed. That one hurt the pocket.
With regards to CDU, I feel the JORC constrains what CuDeco Management can announce. The JORC guidelines are set and legally have to be obeyed.
Big investors and Fund Managers are guided by the JORC and possibly can't see the Big Picture with Rocklands.
However, once the Rocklands plant is running we will be able to know the capacity and grade when CuDeco Management advises the market.
I suppose many will miss the initial rushes to buy, as CDU shares are tightly held by Retail long-term investors. I can't see our Chinese friends selling after patiently waiting for the plant to be built.
Take a look at the grades that are being dug up in previously void areas.
That old figure of 30mt @ 3%Cu might just prove to be true.
cheers,
Max
Add to My Watchlist
What is My Watchlist?