I don't know what the panic is with some posters on this Thread.
CuDeco Management have indicated that the first priority is to generate early cash-flow based on a Stage 1, initial 10 year mining operation at Rocklands at a process rate of 3 mtpa.
On the 18th March, 2014, CuDeco Management indicated that over coming months, mining is expected to generate sufficient quantities of very high grade native copper that will be blended with high grade oxide stock-piles already mined and collectively crushed, to produce a blended DSO product averaging ~20% copper.
In this regard, the LM1 Pit is expected to reach some of the highest grade zones at the end of April, 2014. From this significant DSO is expected to be mined.
CuDeco Management has said that the Rocklands process plant is nearing completion and will be capable of processing ore at the rate of 3 mtpa towards the end of 2014.
In my opinion, CuDeco Management is getting us to production, perhaps slowly, but surely and within the time-lines set.
Of course, as time marches on, I am left wondering how much money it is costing the shorters with 8.5 million CDU shares on the ASIC Short Selling List since September, 2013.
cheers,
Max
CDU Price at posting:
$1.91 Sentiment: Buy Disclosure: Held
