CDU 0.00% 23.5¢ cudeco limited

Sounds like a broken record to me.Everyone keeps quoting this...

  1. 1,350 Posts.
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    Sounds like a broken record to me.

    Everyone keeps quoting this magical million tonnes in global resources. Of which the majority has 0.4% Cu eq.

    Not even half a percent of copper. Pretty poor for the new force in Cu.

    IMO the company has a high grade resource of 12 million tonnes, and an average one at 30 million tonnes. That is it. After four years of drilling a postage stamp that is the resource. If you guys are happy to wait around another 4 years for another 30 million tonnes at 1.2% Cu eq then so be it.

    The rest does not count IMO as has not been proven feasible to mine 0.4% Cu eq from multiple small pits with narrow widths.
 
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