CDU cudeco limited
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Can't see the native copper sales coming to the rescue. The...

  1. jantimot
    30,924 Posts.
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    03/07/13
    13:09
    Post #: 11959174
    Can't see the native copper sales coming to the rescue. The first batch contained 1,100 tonnes at 12-15% coarse NCu, so a maximum of 165 tonnes at a maximum price of AU$6,600/T is $1.1m .... less processing and refining costs will not pay 50c dividends. Which is probably why WM was equivocal about recovering NCu before the rest of the plant is commissioned (he didn't say anything about selling it).
    CDU Price at posting: $1.89 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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