Also WW, there is no mention of coarse NCu as a direct sale from the crusher. Scalping the >40mm nuggets doesn't seem to be working as most, including WM, expected.
Ah well, expect the unexpected. Another false hope, another missed deadline (for DSO shipping, 3rd Feb wasn't it?) but plenty of glossy pics to make up for it.
None of the glossy pics or words mean anything unless backed up by quantities and grades. 100,000t, 500,000t is meaningless unless you KNOW the grade. And I'm not talking about XRF or visual estimates here. 56%, 34%, 20% are meaningless unless you KNOW the tonnages. "Significant quantities" and "high grade", or even "very high grade" are extra meaningless.
How about an announcement explaining why the crusher can't scalp pure NCu nuggets? Apparently they are all there for the picking up. Or does the crusher also smash the nuggets when it is crushing the rock?
Anyway, it's been a good run up in the SP. Well done.
CDU Price at posting:
$1.78 Sentiment: Sell Disclosure: Not Held
