With all the noise of late you'd think the company wasn't well on their way to becoming a fully fledged producer. Cudeco have plenty of cash in the bank, c.205M shares, mining fleet, offtake, port & rail, remaining plant arriving by the day, and a high grade NCu mining stockpile ready for crusher commissioning.
I'm tipping M&G will be happy to see what comes out of the LM and Sth Rockland pits before deciding to sell to the offtake partner for a fair price...if that's what plays out.
They (M&G) have a good understanding of likely annual tonnages and would expect dividends. Mining is the only way to find out if those divs will add multiples to the share price. Unlikely M&G would handover control prior to this imo.
In the meantime I tend to ignore the macro events, as there will still be a good market for Cudeco's copper when mining kicks-off big time.
Nice to finally see the LM pit really taking shape now. Look forward to Sth Rocklands pit evolving also.
All looks like its going to plan below, and thats the main thing to focus on atm.
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