Ann: Copper Grades Higher than Expectations , page-22

Zzzz's,

If I was inclined to approach CDU from a dedicated, long-term, glass half-full position and use only such of the facts as fit my case, I might write something like your reply to Mojo.

I don't think we need to get carried away, it's more a question of satisfaction with the fruits of a long wait, and of undertakings made and kept.

In a couple of posts now, you have referred to this current stockpile as being only a week's supply. So what? They had only to move it a few hundred metres from where it just lay there on the ground waiting to be picked up. Rocklands is a stockpile!

Furthermore, I don't think anyone is drawing conclusions about the first 100,000 tonnes, although the grades and footprint are much better than the JORC would have us believe, it's the million tonnes after that that we are really interested in.

About that JORC. When you join a club, you play by the rules, even when the rules aren't appropriate. Did Cudeco, at the first realisation that they could demonstrate what they have consistently said about the limitations of current JORC modelling being inappropriate rush for the pen and paper for another one? Of course not. Firstly, it would produce the same skewed result and secondly, why bother when you can just pick the copper up and sell it.

A sales invoice is he ultimate JORC, or is it the dividend payment?

Have you seen Monty Python and the Holy Grail? Will you still be fighting when all your limbs are gone?

Lowengrynn