A real optimisic valuation would have used much higher copper prices (due to scarcity, increase in consupmtion, and inflation over the 12 coming years).
A realistic valution would have included the total resource for Rocklands of 1.029 million tonnes copper eq.
Let us not forget that Cudeco has 40 years mining licence.
All of the above puts CDU in a great postion with massive amount of copper, low mining and processing cost, extremely low market cap, and a strategic alliance with a powerful chinese company with expertise in copper. In addition, they have most of the trucks and parts for the milling plant already bought and on site.
The current SP is a joke and it wont last for long IMO.
CDU Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
