CDU 0.00% 23.5¢ cudeco limited

Ann: Increase in Copper grade during mining, page-32

  1. 5,948 Posts.
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    The competent fellow who has to sign off on the numbers is probably as in the dark as you are. What JORC basis does he have at the moment?

    He's tipped out what can be seen, but how can he sign-off? He even showed you different styles of copper concentration suggesting the bottom figure is CDU situation.

    My reading, and he did is best to lead the none-so-blind-as-those-that-can-see-but-choose-not-to-Brigade to a table showing 5% with the top headers and 3.14% without. He even said typical 60% but he can't and won't be able to say definitively until he has more areas opened up to test the whole area and get some statistics.

    Sort of like in QA in an Irish match factory, "Yep, thats a good one, Yep thats a good one."

    Can't expect 30mt at 1.75% to go up to 2.8%, but it does mean some much bigger, nice to have early cash flow.

    The area involved appears only to be 100m x 100m and lets say 100m deep, then assuming 5% instead of 3.`14% at say $5,000 net , could be anything up to $400m extra. It won't be that but reasonable to assume $100m, up to say $200m given any sort of halo effect i.e. diminishing towards the edges.

    I can say this based on matchbox calcs because I know diddley squat, but a competent person can't.

    Look at it another way...assume they never found any massive nuggets?

    My real conundrum, what in the dickens will the scrap metal dealer do when a compact car sized nugget rolls into his place?
 
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