CDU cudeco limited
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Explorer to Miner life cycle, page-94

  1. ozblue
    9,378 Posts.
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    27/07/14
    16:35
    Post #: 13721301
    Roh,
    You keep comparing CDU with an struggling junior IO company. You cannot compare PLVs mediocre IO resource with Rocklands.

    A real comparison is with SFR. They were in pretty much exactly the same position as CDU.

    Only a comparison with SFR is valid, do your numbers compared to them. CDU look very ordinary.
    Greater dilution, 3 times as long to get to market and probably greater debt when they get to production next year (assuming production next year).
    CDU Price at posting: $1.74 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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