CDU 0.00% 23.5¢ cudeco limited

Groovy, man! A JORK Reserve so its gotta be right. Can it really...

  1. 559 Posts.
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    Groovy, man! A JORK Reserve so its gotta be right. Can it really be signed off by a bunch of coalies? Naah, they accepted the Resource estimate at face value!

    And a mining cost of what? On a narrow structure using clapped out gear? Bought at bargain prices during the GFC, right? Just dandy! Must have been estimarated from first principles using the Cat handbook and those wonderful site SAP numbers!

    Then there's those pesky JORK clauses that relate to Proved and Probable and Studies. And those wanky Modifying Factors. Treatment of capital? Met recovery? Sustaining capital? Proved Reserves? Have we really done a FS? Or is this still a Scoping Study, kids?

    And everyone gets to share in the glory, even The Great Architect and his DTM (AUSLIG 2 degrees SB, or didja comission it?)
 
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