CDU 0.00% 23.5¢ cudeco limited

Chairman's Chaiman's Letter to Shareholders, page-14

  1. GFM
    1,204 Posts.
    Oz, you have had quite a bit to say without doing your own research.
    "they should have know and prepared for all this a year or 2 ago as Janti has already suggested. The ore-sorter they have was never going to be able to do the job, and the experts at the mine would have known it years ago"

    If you had done a little research you would have found that the company only considered the use of an ore sorter in july 2013. See announcement 9th July 2013, extract below.

    "The company is also investigating the option of beneficiation mined ore prior to mill-feed, utilising specially designed ore-sorters that will at least double the grade of mill-feed ore presented to the mill. Whilst these ore-sorters are capable of generating beneficiated ore to well over 20%, the plan is to limit this to between 2.5-3% head-grades by blending high-grade native copper and supergene ore from Las Minerale and Rocklands South, with run-of-mill ore from the remainder of the pit. "

    So in july 2013, they were investigating, they did in fact have a TRIAL ore sorter on site in November when we were there, even though it wasn't commissioned. They have now done the testing and realised that it is benificial to the process, and have ordered one that will be suitable for the task. Before July 2013, there had never been an Ore Sorter in any of the flow charts of the processing, so all of your & others, constant criticism about the ore sorter is certainly not warranted.

    Maybe now you can get off your high horse and realise that they DID have a TRIAL ore sorter and are now waiting on the final product to install. Despite your clever research, I feel confident that what the company has ordered will do the job just right.
    Whilst I don't expect to see you at the AGM this year , I will be there to see the progress that has been made, despite the constant noise from the sidelines. I expect CDU will succeed where other have failed

    Just my own thoughts, DYOR
    regards

    cj
 
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