CDU 0.00% 23.5¢ cudeco limited

Ann: Wilgar high grade results and possible new c, page-11

  1. 435 Posts.
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    re: Ann: Wilgar high grade results and possib... roh,

    Realise it's too early to be putting numbers to things in this area - just wanted to get a ball-park number to get my head around, as the gold story to me seens a small aside to the real deal - the copper! Is certainly going to be cheap and easy digging these small deposits up for processing - and very profitable too!

    Have followed CDU for a few years as the geological story interests me - not a shareholder as I'm Perth based and tend to invest in companies I have a more in-depth geological knowdledge of their deposits, or have worked on and am very confident of the fundamentals.

    The deep holes into the mag/gravity anomaly are what I'm waiting to see! That first hole into it didn't return great numbers but thats of no consequence - one hole does not test an anomaly of this size. From memory I believe, after the initial discovery of Olympic Dam IOCG, it wasn't until the twentith hole that economic grades were discovered - the rest is history!
 
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