CDU 0.00% 23.5¢ cudeco limited

just quoting, page-39

  1. 2,755 Posts.
    Janti

    As you can appreciate I've now become extremely worried about my investment in Cudeco now that you have slashed the mineral resource by over 20% and need clarification on where you have obtained A SG of less than two for the ore body and would appreciate a link if possible before I cancel the kids tuition fees, thanks in advance.

    "With an sg of less than 2. If that is truly representative of the sg of Rocklands, rather than the 2.75 used in the JORC, that reduces the M&I resource down from 30mt to 22mt. Note also that the sg of the first bulk sample was 1.67 according to the data supplied by the company."

    I have also supplied a link of official company release regarding the JORC compliant resource statement which shows the base line of the ore SG varies between 2.38 and 2.9 and I imagine the JORC committee scrutinised considering the past issues they have had with Cudeco's resource statement's. Page 16

    http://www.cudeco.com.au/pdf/20131129%20Updated%20Resource%202013.pdf

    The only reference I was able to find regarding the SG in the bulk test work conducted by NAGROM was this sentence.

    "At Rocklands, with a product density of 8.9g/cm3 for native copper and approximately 3g/cm3 for waste material, separation results are expected to be very high, as proven in this bulk test programme. "

    http://www.infomine.com/index/pr/pb058608.pdf

















 
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