There may have been a sensible reason for not kicking in the buy back too much today Buddy.
Maybe...just maybe WM knows what's going on more than he's given credit for around here lately.
Quadruple witching...maybe?
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1257875&msgid=7070583
No doubt all will become clear with CDU in time. The Native copper issue is certainly unanswered as yet. Even by the "experts" here on HC imo.
Nobody can claim anything is clear atm with CDU imo.
No wonder RMS didn't release a JORC...I see some uncanny comparisons here...as in both being nugget territory vs JORC capabilities/drilling techniques. (minus the multiple mineralogy of CDU naturally).
Maybe if WM ignored the calls for a JORC the SP would have been sideways like RMS before mining (but in the $4-$6 range). Anyway it seems clear that WM bowed to shareholder pressure for a jorc he clearly didn't want...why?. Because he was telling fibs all along? or because he knew that a JORC wouldn't allow realistic native copper components which is a large component of the resource? The CDU "cheer squad" may be proven right just like the RMS "cheer squad" in the long run. Mining will be the proof in the pudding & many will be shocked one way or the other. Personally I believe that many of those native copper nuggets are way way over 2mm:)
If I get $1 per year Div for 4 years mining 3% to 4% CU eq+ (whatever...with native copper) I will be laughing. Further drilling results would be just a bonus.
With RMS mining has now shown profitability (without a jorc). After that RMS has shown further positive drilling results which have created more interest in the company & therefore a much higher SP. (Take a look chartists)
Disclosure...I don't hold RMS atm...at these prices I'll hold CDU thanks. Much more upside from surface here on in:)
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