Hard to put a negative spin on this one. 14000T @ 5% 'copper'. That's 700T of Cu which at the current price of approx $7300/T is around $5mill.........in 3 days.........from the JORC waste zone..........
Native Copper Zone to be intersected in the next few days.
Could be a beer or two in this yet.........
As to conjecture regarding loss of control, remember that McCrae has a sizeable chunk of the Company and is likely to have a circuit breaker in place preventing this. And despite his many flaws I can't see him cutting a side deal and shafting shareholders, Cloncurry, staff and suppliers.
Whatever happens I'd rather have backed someone that has had a go than some of the shiny arsed critics with dubious morals that ply their trade on HC.
Good luck to all fellow owners of the Company and as B7 would say, interesting times ahead no ?
Cheers - Surfydad
CDU Price at posting:
$3.38 Sentiment: Hold Disclosure: Held