Poor Pumpkinhead....you havent got a clue of what you are talking about.
Prices for metals are taken from long range forecasts and when you consider that 18 months ago cobalt was $US50lb and now its $19lb. With the onset of cobalt being the main ingredient for phone, computer and car batteries the price of $26 used by CDU, I would consider is conservative. You are talking absolute rubbish and I also agree with the others that this is nothing more than a personal attack on CDU for whatever reason and nothing you have ever said since being on HC has ever made sense and seems to be all personal.
I have looked back at all of the announcements put out on CDU and the numbers they used since starting Rocklands have stayed the same. $26 lb for Cobalt was used when cobalt was $50 lb, Gold is trading now at $1500 and CDU has only used $900 ounce and have always used $2 lb for Copper. CDU has stayed with the same numbers obviously as a long range forecast.
How can you say the by-products are inflated when they are actually lower than todays price???
How can gold be inflated using $900 and ounce when its trading at around $1500. If they wanted to inflate the grade as you so wrongly suggest they would have used $1500 ounce for gold.
It wouldnt matter what CDU said you would always be negative. If you are not a journalist for one of the Sydney rags ? you must be a politician? Or maybe you work for Fosters? get a life, least you got your name right," Pumpkinhead"
Ikey Moses
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Poor Pumpkinhead....you havent got a clue of what you are...
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