CDU 0.00% 23.5¢ cudeco limited

turbo, it is a 30Mt resource. Any idiot could cherry pick where...

  1. 30,924 Posts.
    lightbulb Created with Sketch. 174
    turbo, it is a 30Mt resource. Any idiot could cherry pick where they start mining. There is no indication how the overall resource would change from what they have found, so you cannot claim that the actual mining is coming in richer than the JORC overall. Look at the broader pictures they show in their announcements - sure there are some high grade areas, but there are acres of no- or low- grade areas. That's why you have a JORC!

    All this talk of "grades richer than the JORC" is what got peoples' expectations far ahead of reality prior to the first JORC. Repeating that nonsense again now is just setting people up for another massive disappointment.

    I would agree they have found more ore that wasn't in the JORC, yes, but they won't tell us how much, so that alone is meaningless.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.