Where does the idea come from that CDU dont know what they own?
The last time I looked the recent JORC quoted 30Mt @ 1.2% Cu equivalent in the measured and indicated category. They know exactly what they have in the ground that fits the 2004 JORC standards. That will be worst case.
Yes I agree it is less than was hyped up by WM, but they know for certain they have that now. My feeling is the BFS will be fine and show low cost to mine that part of the resource.
At the moment CDU shares are worth a lot less than before the JORC, but they still aren't worthless.
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it won't be long, page-12
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