"What would concern me if I were a shareholder in either OZ Minerals or Sandfire is what happens when DeGrussa runs out ."
Here are some facts...
SFR Mineral Resource March 2014 588,000 t Cu 764,000 oz Au.
CDU JORC 2013 resource Mes,In+Inf 306,000 t Cu 202,000 oz Au.
CDU have Co and Magnetite as well, but they are going nowhere until the rail is sorted out then built
You think SFR needs to be worried when Degrussa runs out, currently their next door neighbour, Thundelarra is finding high grade that they could toll process.
CDU have a lot less than SFR in the resources department, even if you allow for 20% extra in the NCu.
On those numbers it's CDU share holders that should be worried especially asthey now have a loan (we think).
CDU Price at posting:
$1.68 Sentiment: None Disclosure: Held