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Ann: Results of Meeting, page-8

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RichardNixon

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30/01/15

16:33

Post #: 14669818
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Originally posted by jantimot ↑

It would take them thirty years to mine the reserves, that is true. But the grades only support a maximum profitable mine life of around ten years if the grades are spread out, which is not logical. Profitable mining of the good grades is likely to only be for 3 to 4 years atm by my calculations, excluding the magnetite and cobalt which were always marginal and are, IMO, definitely out of the equation at their current prices.

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Actually by definition and to be precise CDU hasn't got any reserves!

CDU Price at posting: $1.41 Sentiment: None Disclosure: Not Held
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Ann: Results of Meeting, page-8

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