Smelter Payday Countdown, page-26

Hoots,

Here's something to consider. WM has bought more shares, therefore that tells me the grade of Cu in the stockpile/retrieved from the stockpile must be about JORC grade as the company hasn't reported it to be different (other than saying something about 22% more ore from the mined areas).

Logic would dictate that any thoughts of the copper so far mined, cannot be different to the JORC. We know they went straight for the Jewelery box, and had lots of nice pictures of it.

After the first say 285,000t copper is mined, and that allows for 20% above JORC in the first 19mt, the rest of the copper has a highest grade of 0.68%. Will it be worth mining? Hillgrove seem to struggle with a 3mt/a plant at .8%, plus a close workforce.

I fully agree with you that CDU is a fascinating look at investors logic.