Zoidberg, I share your scepticism wrt the overly optimistic spruiking by cudeco over recent years but it would appear that the wording of his latest announcement can only mean one of two things, a major offtake or a major financing agreement and quite plausibly, both simultaneously. Perhaps what we should be asking is the nature of the plant proposed to be built at Rocklands and its suitability to process the ore found at nearby Milo. Superficially, I think that the 30 to 80 million tonnes within a grade range of 0.8% and 1.2% Cu equivalent (the initial Milo target) would dovetail quite nicely with the tail end of Rocklands project (which will initially focus on it's native copper rich supegene)potentially extending its mine life by a number of years. Win win for both Cudeco and GBZ.
Anyway, thats my optimistic thought for today, I suspect it will be one of few. Time to baton down the hatches and turn the computer off, I reckon!
GBZ Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
