Thank you all posters for your answers , however unless any...

Thank you all posters for your answers , however unless any poster can refute poster zzedzz assertion that "the 47M wont last through th Christmas" then he/she seems to be the closest to the mark.
Sinosteel seem to be the main contractor for the plant I am guessing they will be paid via a further placement in CDU , which would obviously dilute the shares on issue, and reduce the potential earnings per share.
My guess is to finance $200M of remaining CAPEX(no mention is shown how much is left to finance so guessing) and working capital it will be done by a discounted placement that would effectively double the shares on issue given the current cap of around $350M
Just my opinion still looks a great project , given their 1.7% Cu-eq resource grade and the higher grade ore that is starting to kick in allready.
At 3mtpa they should get around 46k tpa Cu -eq worth around $300M per annum in concentrate
Even when taking into account a grade twice as high as DMLs and HGO and a low 3:1 strip , CDU's C1 costs seem on the light side at $0.81 a #
The quarterly showing ore movements at twice the rate envisaged however bodes well for the mining rate, and quantity moved seems to correlate strongly with a 3 Mtpa ore 3:1 strip rate
The above are just my opinions and should not be used as financial advice