CDV 0.00% $1.08 cardinal resources limited

I agree with you on this project, has to have clear economic...

  1. 458 Posts.
    lightbulb Created with Sketch. 55
    I agree with you on this project, has to have clear economic assessment. But I think they are doing right thing. Instead of just trying to change sentiment to market, they are giving a bit technical information this project has still some merit. There is no easy solution to this processing, yet has some cost advantage to certain extent.

    For me it looks, there part of the ore that are economic in regardless of 75% recovery, and now it seems like cost is not gonna be at least what we thought going to be.

    To give clear assessment, they shall finish the additional drilling and have some reserves in whole context. To have economic assessment, CDV resource numbers has to be in reserve at least indicated resource level.

    It will be painful slow process to recover the price share to 40+ or 50+, but i rather have slow right incremental rise rather than roller coaster ride, this time. I think we all learned from last week's events.
 
watchlist Created with Sketch. Add CDV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.