Garndo ,is this new magnetite resource in an area where there are no other minerals like copper and gold to extract ?
I cant imagine CDU have been drilling out a pure Magnetite resource .That seems to be what you are implying.
Many big iron ore producers also struggle due to debt.
CDU also have their port facilities ,unlike many iron ore companies.
Do you think that Sinosteel haven't assessed this part of the operation's viability .They would know much better than the self appointed experts on Hotcopper .
CDU Price at posting:
$1.85 Sentiment: Buy Disclosure: Held
