the placement.....

no one has said much about the $200m placement hanging over CDU's head - all the talk is about where the NCu vanished to (understandably)..... well, quite aside from getting people into secret rooms to show them a bunch of cores and in-house calculations, how can potential investors/institutions move past the official JORC statement?.....

even if individuals could be persuaded that there is more Cu than the JORC outlines, no institution could ignore the official verdict even if they felt CDU had been short-changed somewhat in the process..... the low-ball JORC cannot be ignored by institutions handling other people's money - due diligence would surely demand that if any offers are received they would have to be in line with the JORC?.....

any Cu discrepancy will only be picked up by actual mining - that's years away!..... in the interim, CDU needs $200m to build a mining process - does anyone think in the absence of any significantly revised JORC that a placement could possibly exceed $2 per share? I don't.....