Australia's largest stock trading and investment forum Australia's #1 stock forum

CDU

0.00%

23.5¢ cudeco limited

Ann: Update on Commissioning of Plant-CDU.AX, page-27

First 27 Last

Share
Profile

Follow
h00ts

46,624 Posts.

8746

01/06/16

17:26

Post #: 17926546
Share

Originally posted by ozblue ↑

How long does it take ore feed in at the beginning to be turned into copper concentrate and waste at the other? Serious question?

On the 16th of May the company stated the following............

"Commissioning activity is currently focused on copper production only, incorporating the jigs (coarse native copper), gravity (fine native copper) and flotation (sulphide copper) circuits, with ore feed planned at the latest Monday 30th May. Whilst this is four weeks after our target date, it will result in being behind in only two weeks of planned production due to changes in ramp-up rates. First shipment of product is still expected prior to the end of June."

Has ore-feed occurred or not with-in the terms that they meant by that statement?

I stated, with no mining background, that NO it wouldn't be operating. I was told be 'mining experts' that I was wrong.
Here is the essence of the announcement yesterday....
"CuDeco Limited’s Rocklands Group Copper Project continues to build momentum, with the Company announcing today the start of ore feed commissioning at the flagship Cloncurry plant in north-west Queensland."

The first statement did not state ore feed commissioning at all, it stated ore feed, which to the lay person means they have commissioned it and it is now starting to operate.

It is very, very typical of CDU announcements that they say one thing will be happening by a certain date, but then change the announcement ever so slightly to make it look like they are on schedule when they are not.

So SB, you seem to be a mining expert, can you answer my first question with a time, and not a depends, please?

Expand

8 months in total to full ramp up according to the original development path !

CDU Price at posting: 62.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MND

Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated

A Super PITch is key in the competition for capital

KAI

Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales

CKA

Deal with Petrosea opens the door for Cokal's ramp-up plans in Indonesia

Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday