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Hi Bermuda,If the primary crushing circuit is built and...

  1. Charlie123
    2,206 Posts.
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    23/08/12
    10:28
    Post #: 10610625
    Hi Bermuda,

    If the primary crushing circuit is built and commissioned by EMS-Index by 23rd Dec (last update stated they were on schedule), then NCu ore can be mined early Q1 2013.
    This is important to note as imo they can reach this stage with 187M odd shares on issue.
    If the early crushing of > 40mm NCu proves successful then early cash flows could provide future funding negating any further large placements. I cant see them ever getting to 250M share on issue. 200M max.
    CDU Price at posting: $4.03 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 18  Upvote
    lightbulb Created with Sketch.  Great analysis
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