I know you dont short CDU.That bit was meant for the shorting brokers. I didnt get to read the annoncement carefully as I'm out of town working. After a quick look through earlier I thought it said 20% of the copper will be native copper. It doesnt say the NC will be in 20% of the volume. If NC starts at surface and goes down to 180m then it is scattered all over the place.Concentrated at 20,50 and 70m of course. What I was thinking is that if they had 600,000t of copper then 120,000t was NC. Maybe with your method of 6mt you have to say that the min of NC WAS 4%.Therefore you have 240,000t of NC. I see it as we are digging it up.They now know what they have. They have started digging the coarse NC after the AGM.With a short Chrissy break.So 5 weeks to dig up 100,000t of coarse NC. So what I need to know is the % in the stockpile. If its 10% they have dug up 10,000t of NC in 5 weeks. It wont be less but it could be a lot more. 20% gives me more of a tingle in the back pocket. 10,000 t in 5 weeks minimum. Looking good by March for sales (mentioned again). You said you sold at $3.40 or so so if you buy now you can have twice as many shares or in for half the amount. I like it when you own shares.I want you to make money. PS if they have 80 million dollars worth there guess which loan they wont have to access.
CDU Price at posting:
$1.64 Sentiment: Hold Disclosure: Held
