If only they had what they thought and said they had - The copper find of the decade and a world class deposit that was going to make Sandfires De Grussa mine look like a hobby farm. - they never would have had to look to China for funding
SFR did however have a viable high grade resource - they did a BFS to prove it - they borrowed the money from a bank to build it - got it built on time and on budget and had it commissioned to nameplate throughput in timely fashion , they have now paid back the debt, started paying dividends and are now looking for expansion projects -SFR have less than 160m shares on issue and close to a billion dollar market cap.
investors in CDU both large and small really only have ourselves to blame - expensive lesson learned - never invest in a company that is transitioning from explorer to mining without first sighting a BFS or DFS.
CDU Price at posting:
36.5¢ Sentiment: None Disclosure: Held