cudeco post TH, page-22

First 22 Last

Share
Profile

Follow
Hotrock1

1,977 Posts.

580

01/07/15

22:06

Post #: 15565816
Share

Originally posted by Hotrock1 ↑

Hi Hoots,

I noticed that Sichuan Railway Investment Group have signed off on a deal (with conditions) to take up a 60% stake with Altona for their undeveloped Cu/Au deposit (fair load of Cu oxide in the mix) not too far from Rocklands.

The deal is worth USD$ 214.50 or approx. AUS$ 464M (AUS$ 77c/USD $1) to achieve 60%.

I also noted you have previously followed AOH. Would like to know your thoughts on this deal vs the Current CDU share price and its present market cap, whilst taking into account the much more developed nature of the CDU mine.

Do you think CDU is undervalued?

MMG were widely mooted to take on the AOH resource to enable a more viable proposition with their Dugald river project.

It seems to me that copper resources in Oz are still in high demand with the Chinese investment sector...regardless of the LMI stocks and price fluctuations. CDU is ready to ship as opposed to the Altona undeveloped deposit.

Maybe the Sichuan railway group is considering developing the rail link between Cloncurry and Karumba Port? The Karumba Port expansion project has been around for while and just needs a capital partner to help fund it. MMG is the largest user of Karumba Port but is soon to run out of top grade ore out of its Century Zinc project.

The long term demand for copper is still there .. Large investors are after ownership of Cu assets whether it's in Oz or elsewhere (think of the recent MMG Cu mine purchase in Chile!)

Food for thought! whilst shares are in TH.

Cheers

HR

No advice given or intended and as usual .. I do not hold share in any listed companies.DYOR.

Expand

Best to read ones own post before hitting the send button.

The deal figure should be Aus$357.5 M not $464M .. fat finger of fate on a shitty calculator (double dipping) .

Just proves to DYOR

Cheers
HR

CDU Price at posting: $1.70 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

OLY

Olympio picks up Canadian Cu-Au play along prospective Cadillac Break

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

ASX Market Open: Winning Wall Street, RBA minutes to keep local bourse flat | November 19, 2024