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malgmac

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11

01/10/14

16:16

Post #: 14058857
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Originally posted by roh ↑

ozblue,
That is exactly what Wayne McCrae is in the process of doing getting product to market and making first sales. With respect to REE, CuDeco has no plans now or in the near future to market rare earths. Should it find sufficient quantity of an economic nature and the price was right, rare earths would be another product it would sell.
Like rare earths, uranium prices are at a low point. In the future that may change and uranium could be another product for CuDeco to sell.
You would have gathered from my previous post that I am not enthusiastic about iron ore particularly if that was the only product a company has to sell. There is just too much of easily accessible iron ore worldwide and the major companies are hell bent on exporting more and more of the stuff at lower prices.
CuDeco is not reliant on iron ore for its major source of revenue. We will have to wait to see how successful CuDeco is in selling it. With more and more coal mines closing in Queensland, the avenue for sale into that market has weakened.

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ROH,

there is an oversupply of ree at the moment globally and that is before Moly and Lynas are producing in quantity.

Both Molycorp an Lynas are having problems getting their plants running after 2 years. CDU have enough issues without worrying about things other than copper.

when do you think we will see a bounce in the CDU share price.

CDU Price at posting: $1.50 Sentiment: None Disclosure: Held
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