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23.5¢ cudeco limited

Ann: Production Update-CDU.AX, page-47

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h00ts

46,821 Posts.

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31/08/16

15:35

Post #: 18828723
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Originally posted by pagedown ↑

The concentrate is above 25% means 75% is minimal/no value. If a Container can take 20T or NCU. Then there was 20 Containers of NCU sent out.

If we load the Concentrate at 25% Copper, 75% is minimal/no Value. so a 20T container, is 25% Copper (5 T)

We are assuming that this is volume based, then there would have been 500 more containers going out.

I am not going to speculate how much above 25% is in the concentrate.

We are in a holding pattern, there is only enough information for speculation, but it provides for interesting discussion.

Don't rely on the above as investment advice, ring the company read the announcements, Do your own research.

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Well a week ago they shipped their first sulfide concentrate - they didnt say how many tons of that was trucked to Townsville- they also shipped 300t of NCU so thats 400t of NCU in total now in 2 shipments which they said was 80% copper in the July 29 ASX release

So net pay would be 320t of copper in NCU pus the 25% copper contained in the unknown quantity of sulfide concentrate - I suspect the total is a long way short of 2500 ton of contained copper

CDU Price at posting: 51.5¢ Sentiment: None Disclosure: Held
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