hoots, blon, you misunderstand me.Hoots said OW need the Cu and...

hoots, blon, you misunderstand me.

Hoots said OW need the Cu and Co. They don't NEED it in the sense that they have smelters or furnaces requiring a steady flow of material. You don't just turn that sort of equipment up and down like a thermostat.

OW are just a middle man for CDU's product. They only want it to justify their (internal) profit forecasts and IRRs.

If you have a look at some of COW's other investments, you'd realise that $130m is a drop in the ocean to them. Of course they are not intending to waste it; but if it evaporated tomorrow they would hardly notice.

blon is right, I don't know how this will play out. Nobody does on HC. But some CDU holders need a reality check. CDU will be a minnow in terms of global, or even Australian, Cu production when it starts mining, and it is swimming in the same pond as a pike.