CDU 0.00% 23.5¢ cudeco limited

Ann: Increase in Copper grade during mining, page-68

  1. 8,960 Posts.
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    Jumpstart,

    They have been mining for over 2 years. They have stockpiles of ore over 1mt. They have been crushing and scalping the oversized nuggets off for months.
    Yet for some strange reason they can't say we have put x tonnes through the crusher and screens and taken off Y tonnes of NCu nuggets at 95% Cu. Why not?
    Why lots of photos, lots again repeated from other times, a chart showing how if there was no top cut the percentage in the model would be 5% instead of 3.14%, yet no numbers of what they DO have?
    If it really was so different, so wonderful, why not share the actual numbers they do have? Why can't they simply state we have scalped off X tonnes of NCu so far?

    It just doesn't add up. If they really did have this mountain of NCu nuggets surely they would be telling shareholders and SELLING the stuff to prevent the dilution that has just happened?

    It's the dilution and lack of sales that tells the story, not a chart saying doing a top cut was wrong.
 
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