I am fully supportive of CUF management but in the current cost environment we struggle - high grade ore - great transport costs and port capacity and can't make a profit. And setting up a new mine in managements own words -just too difficult. That's why I have moved to Guinea as AMD have done with David Flanagan on board.
I already have a large granted tenement - team on site -and potentially billions of tonnes of high grade hematite -goethite - itabirite and canga (detritals) -the canga alone grades about average 60% Fe. And three multi- user rails and ports in existence or under construction. But CUF aren't listening :-(
Fair chance that Guinea will do to a lot of our iron ore industry that Indonesia has done to our nickel industry and the powers that be never saw that coming either -
CUF Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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