In addition to Surfydad and waikuku comments I submit the following extras
The 3 rigs in operation are Diamond.
Limited to 30mt over 10 years at this stage. Therefore no need for a lot of drilling at present. There are many more targets to be drilled in the next 5-10 years.
While waiting for the Mining Lease there is more time available for the future planning of the project.
As well as copper and cobalt, CuDeco has future markets for pyrite, magnetite and tellurium. A further report on Wilgar is expected shortly.
Other prospects being considered with Oceanwide could involve Korea, China, Japan. No details at this stage.
A 100 per cent approval at the Meeting with not 1 negative comment from the floor.
A top line Project Manager is being sought.
cheers
Max
CDU Price at posting:
$3.36 Sentiment: Buy Disclosure: Held
