My posts are positive because I believe in the prospects of CuDeco becoming a successful miner.
I agree with timeframes not being always met but this has not been CuDeco's fault all the time . It is not after all a perfect world.
Rocklands is a major project that is coming to fruition. It is a success story even at this point.
I have said this before but it is worth repeating that other mining companies are sacking staff, downsizing, deferring or mothballing projects.
If the copper price falls below cost of production particularly those with underground operations or with marginal ore bodies, I envisage further misery.
There is also the current problem for the junior explorers to either attract a joint venture partner or to raise venture capital.
I hate to think where they will end up.
CuDeco is fortunate that it has been capable of raising capital to develop Rocklands before the current chronic situation now facing the mining sector emerged.
It is fortuitous for CuDeco that extraction of ore is a simple matter with open cut mining rather than having to do the more expensive underground operations.
There are various schools of thought on where copper supply demand is headed and where the copper price will settle. Some of these opinions are bullish some not so.
Volatility will be with us for some time in my opinion and we will witness resultant volatility in the share prices of the copper producers.
In this situation, my preference is to be an investor in CuDeco which currently has no debt.
Sure rail and port facilities will require money to be spent but they are not ,in my opinion, an imperative at this stage. They can be done at a later time.
CDU Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
