CDU 0.00% 23.5¢ cudeco limited

not too shabby eh!, page-21

  1. 179 Posts.
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    MPS report on Cudeco's web site..
    "CuDeco�s Measured and Indicated resource for mining is stated at 31Mt @ 1.24%
    Cu(eq). This Cu(eq) grade is based on CDU�s Project standard of US$2/lb Cu, US$26/lb
    Co and US$900/oz Au to maintain consistency over the last 4 years. Based on current
    commodity prices, we estimate the current Cu(eq) grade is 1.04%."

    I wont to know why Cudeco are still using the 1.24%Cu(eq) INSTEAD OF 1.04%Cu(eq).
    Its being propped up by 19%.

    Nev,
    "Number of tons: = 30 mt * 1.24% = 372,000 tonne of Copper"
    You forgot too mention Cu(eq) less 18% = 305,000 tonne of Copper.

    Cudeco market release today first page.
    "MINING AND PROCESSING COSTS ASSESSMENT BY INDEPENDENT
    METALLURGICAL AND MINING CONSULTANTS, BASED ON PROCESSING
    OF INITIAL 30.9MT @ 1.24% Cu Eq RESOURCE (389,000
    tonnes copper) FOR 3MTPA PROCESS FACILITY. "

    Cudeco came up with 389,000 tonnes?!
    I think its fare to say something isn't adding up right.
 
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