native copper - tiptoeing around the topic??, page-5

gday 5hareholder

ill try give you some brief answers because you wont get much civility around here....and with fair reason, some of this discussion has been ongoing for years..

1. CDU may or may not be the only copper stock with this native copper problem, i am not familiar with the other companies you quoted....if they too have large native copper deposits, then you would be able to confirm if the JORC code correctly estimated the other companies resources when you compare the JORC quote with what is actually mined.....are they at this stage to confirm?

if you dont buy the drill bit reasoning, from memory there was also an upper-limit grade cut-off that was used in the JORC estimate

for example, although the native copper may be 50% copper in sections, a maximum cutoff of ~10% (i cant remember the exact figure) was assumed by the consultants....this hugely brings down the estimated copper figure

2. i do not know why the confidence level is not higher, they appear to have completed much closer density drilling than other companies

3. the ASX runs a close eye over claims in CDU announcements, after they had to withdraw their initial JORC estimate many years ago.....therefore, they cannot publicly estimate the profit margins on the native copper because it is not officially recognised in the JORC estimate

4. ill leave the numbers guys to that....but as far as i understand it is a 3Mt plant for the first 10 years of mining (which will be the high grade material, including the native copper), then an upgraded plant will be used to process the lower grade ore for the period after 10 years

happy to discuss