The issue is that CDU knows the tonnage that has gone to the stockpile and they also know the grade. There isn't any need to speculate, except that CDU fails to tell holders what the grade is.
You say there was 100,000 tonnes of high grade ore. What is high grade? its not defined anywhere. Does it mean all ore averaging half a percent, or 1% or 1.5% or some other number. No-one here knows.
You speculate that the ratio for the 500,000 tonnes is the same as that for the 300,000 tonnes. What is the evidence for that? CDU knows what the average grade numbers are for each part of the stockpile but won't let holders know. surely if these are really great number, they would be released?
A major asset of the company is the stockpile but no-one knows its copper content. So extraction of the ore is in full swing but no-one yet knows how the average of what has been pulled out matches the 1% overall in the JORC and the 3% in the bulk tests. Funny that.
CDU Price at posting:
$1.87 Sentiment: Sell Disclosure: Not Held
