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23.5¢ cudeco limited

a caution for all, page-146

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ozexplorer

17,932 Posts.

81

09/06/15

05:13

Post #: 15431891
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Originally posted by ozblue ↑

Malgmac,

I took out about 23% for TC/RC charges as money the company never receives, instead of adding it to revenue then attempting to do a cost basis, which all and sundry of the holders will tell us is only a few cents. Basically money in the companies hand. Divide $1.7 by 23% and I get $2.2b. I also excluded any revenue from Co as there should be no expectation of monetising it without rail. So adding it back gets pretty close to your numbers. I can only get $A155m for gold credits at best from 30mt of ore at .13g/t and 80% recovery.
So yes, overall a bit higher than my reply to Max, but take off OW 5% discount (as told to me by a director in a slip of the tongue moment) and I think I'm in the ball park.

However we look at it, it is no-where near $12b!!!

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Be careful what you say mate as someone may take legals against you....... He he he

CDU Price at posting: $1.25 Sentiment: Sell Disclosure: Not Held
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