Shareholder , any time after year 5 of operation I suspect management will upgrade the operations through put as high grade zones are mined out , ie expand plant to accommodate higher tonnages of the lower grade ore working on what the company has announced to date probably 10M or 12M ton mined instead of 3M ,this will mean same amount of $ income per year towards 20year mine life, that can be the only answer to your question, cost of bigger plant x4 roughly on the original but by then CDU can pay for this & mining fleet upgrade out of their small change imo.
Ikey moses
CDU Price at posting:
$3.33 Sentiment: Buy Disclosure: Held
