CDU 0.00% 23.5¢ cudeco limited

Ann: Rocklands Ore Reserve Update, page-30

  1. 13,123 Posts.
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    WT>>>>>>>>>>>>>>>Thanks for the lesson. I'm glad you aren't charging me

    Let me explain it again if you didn't get it....


    In summary,
    the Company said it had 27.6 Mt of ore which contained product
    Then company after being forced to restate its ore reserve statement now says, opps, we only have 11.6 MT
    (see below from company announcement..) that's 58% LESSSSSSSSSSSSSSSSSSS

    Yes it can mine it, where did I say it couldn't.................but they have 58% LEEEEEEESSSSSSSSSSSSSSSSSS

    And I said that disgraceful but picked up by many

    And I said if they want the chunck of ore back with cobalt in it etc, then it will need more capital to change plant etc...........

    And I said that of the 44% they have left after restatement, it is based on ex and current employees inputs, and the budgets and forecast have never been accurate

    Its pretty simple

    If you don't understand that nothing I can do

    Reserves proved and probably are irrelevant to my statement above


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