CDU 0.00% 23.5¢ cudeco limited

i don't see any negative announcements , page-11

  1. 30,924 Posts.
    lightbulb Created with Sketch. 174
    denial, someone else posted that they would have assayed the waste to determine the recovery %. I thought that the recovery % was the whole idea of the bulk test, to ensure that they have the most efficient extraction method worked out before they build the plant.

    If they don't know the recovery %, the test is a failure. Or, they may have had 4.5% NCu and 1.5% ore, in which case the process needs improving. Two of the holes were assayed prior to test, DODH083 returned 4.74% CuEq and DODH082 had 11m at 11.32% CuEq and 15m with 11.86% CuEq. So there were some high grade holes, which are described as representative of LM, but the recovered quantities are much less.

    I'm not suggesting they are intentionally misleading - they make it clear on the flow chart what the amounts are - but, they are not recovery rate %s. If the company really IS encouraged by recovery rates, why not tell us what they are, what a roaring success the bulk test was?

    Alternatively, perhaps the recovery rates are very high - but they were expecting 6% content from the jewel box rather than 4.4%.

    Why would the Cu recovery be greater than the Co?
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.