The market will determine the worth of CuDeco when the processing plant is in production in first half of 2014 and total profitability evident.
In the interim, some profitability will occur with the sales of direct shipping ore and native copper.
Dependant on profitability from these sales will see some share price reaction.
There has been a decline in the price of copper combined with the higher Australian dollar . The latest copper price recorded on the CuDeco website is $7600.10 as at 12/9/2013.
Lower or higher copper prices will play on peoples perception of profitability.
If you take the time to examine other miners CuDeco is in a very strong position going into production.
As my sister keeps repeating CuDeco is going mining and it is not going broke.
For those of us who invest for the quarterly dividends, the share price is secondary.
At some point in the future, it may be advantageous to sell but for me that time is certainly not now.
CDU Price at posting:
$2.09 Sentiment: Buy Disclosure: Held
