CDU 0.00% 23.5¢ cudeco limited

just quoting, page-237

  1. 8,867 Posts.
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    I've just spent a fair deal of time reading up on AOH and the Little Eva DFS.
    According to the JORC it is a better resource than rocklands, plus AOH have ticked all the boxes by spending lots of shareholders money on various resource and reserve statements and DFS and BFS.

    But where are they?

    They have an idea. They have $20m in the bank, $10m in debt, plus a small mine on the other side of the world.

    I'd place them in the same boat as RXM, going nowhere, except cap in hand to try and find some money, lots of money, to get anything off the ground. All the while churning through shareholder funds with more reports.

    Cudeco are miles in front. They are mining at a current cost of $1.90/t , compared to AOH's theoretical $9.33/t in the DFS. CDU have a DSO resource for sale "soon", they have a processing plant well under way towards completion.
    They have no debt, yet some how got this far with half the number of shares as AOH.
 
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