The above post is just as much about negating the native copper ramping, as it as about disputing the claims of $2 dividends.
I'm just validating once and for all that those who go around beating their chests about how everyone just has to "believe, are in deed talking themselves into a lot of imminent disappointment.
I'll tell you something else to keep in your minds for future reference. One rule of thumb in the industry is that the threshold economic recovery of a resource is about 50%, but the close to surface mineralisation probably knocks that up to around 70% for CDU. Either way, I find it very, very hard to see how CDU will have a reserve higher than 350,000 tonnes of copper with a cut off grade of 0.8%. By years 6/7 onwards, they may find that all the high grade copper that they hoped was there, is uneconomic to mine, and that could run them into some problems.
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