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There is no ore there. Not one gram. The JORC has never advised...

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jantimot

30,924 Posts.

174

19/06/15

21:44

Post #: 15499933
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Originally posted by maxw ↑

Hi Baseless,

O ye of little faith.

It is just a matter of holding on to your CDU shares until the Rocklands plant is in production.

Back in 2006 WM said that someone would try to take your shares from you close to production time. I see how this is happening as I watch the ASX trading from day to day.

Even then in 2006 a vibrant CDU non-holder said that it would take 10 years to get to production. CuDeco had a slow Labor Government that took some 5 years before CuDeco could even get a start to build Rocklands plant.

The 30 million tonnes of ore is still there at Rocklands so the "JORC" advised in 2010.

cheers,

Max

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There is no ore there. Not one gram. The JORC has never advised that there is ANY ore there at all. Before anything can be classified as ore, the company has to show that it can be economically extracted. CDU have never done this in a JORC framework.

CDU Price at posting: $1.21 Sentiment: Sell Disclosure: Not Held
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