Hi h00ts,
The figures you quote are inferior to those issued in the MPS Report on CuDeco Limited (CDU) in September, 2010.
The Key Points in the MPS Report on CuDeco were:
* 245Mt Measured Indicated and Inferred JORC resource delineated.
* Initial mining from 31Mt. M & I Resource 1.24% Cu Eq.
* JORC resource appears to understate high grade zones.
* First production anticipated for 2012 @ 33,000t Cu p.a.
* MPS has a firm base case NPV of A$4.00/share.
* Grade adjusted NPV is A$7.68/share.
* Optimistic case NPV is A$13.37/share.
* Resource upgrade likely with further drilling.
* EIS lodged with 40year Mining Lease application
* Low strip ratio and good infrastructure allow for low cost project.
cheers,
Max
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