No, Cudeco has absolutely zero sulphide ore for any purposes. As...

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jantimot

30,924 Posts.

174

26/02/15

21:03

Post #: 14825993
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Originally posted by roh ↑

hottuna,
CuDeco is a survivor and the landscape is changing in this downturn in the mining industry. It does provide great opportunities for those companies like CuDeco that come through this crisis. That is how major mining houses begin. The strong are there to seize their opportunities. Glencore is a prime example when it absorbed Mt Isa Mines in a downturn.
It is too late in the cycle for many of the junior explorers to get their projects off the ground. Many will wither and go out of existence for lack of funding to continue exploration. One asks the question who would risk investing in a junior explorer right now ? : not me.
The Rocklands project will not falter for lack of funds. As explained to whalewatcher, CuDeco has 4 million tonnes of primary sulphide ore it could sell to Glencore . CuDeco was approached by Glencore seeking ore supply for its underutilised Ernest Henry plant. CuDeco has decided not to sell any further ore to Glencore . No sales- no problem. CuDeco's decision. There are more fish in the sea of varying sizes.

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No, Cudeco has absolutely zero sulphide ore for any purposes. As I'm sure you know.

I am surprised at you for misrepresenting Cudeco as having a ore reserve which requires confirmation of commercial feasibility. Cudeco only has a mineral resource, a classification which lacks that definition of "commercial".

CDU Price at posting: $1.41 Sentiment: Sell Disclosure: Not Held
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