I disagree about using the past results for the current talk of DSO.
The last 2 announcements have shown NEW ore that was not in the block model. It is ore of sufficiently high grade to be used as DSO (some of it). While the company was expecting more Ncu, the announcements show surprise at the amount of cuprite and chalcocite as well.
As thisis new and unexpected, then the grading process and percents available are probably still being worked out.
They probably need to crush all the boulders just to see exactly how much they actually have.
It is a very good situation to be in, plus when there are sales of this DSO, it will put to bed any talk of further cap raisings. 10 metres thick x 45metres wide by NSHFAS (not sure how far along strike) equals lots of tonnes of DSO ore not recognised by JORC. The smiles are genuine.
CDU Price at posting:
$1.84 Sentiment: LT Buy Disclosure: Held
