Thanks Wonky...That was an interesting read..I think what...

Thanks Wonky...That was an interesting read..I think what everyone is forgetting is there is only a few years of high grade and the low grade global resource is not being considered.

"CuDeco is in a similar position.
Its deposit has a small high grade core of
mineralisation which should support early
production, but large tonnages of lower
grade material which will require careful
cost control to mine profitably."

Unless the JORC is improved then CDU looks over valued currently..This is certainly reflected in the current buy side which shows very little demand.

We have seen many calculations for the high grade areas but no assumptions for the bulk of the project (approximately 85%) which is low grade.

I know some will say but the Chinese have just paid $3.80 a share but the Chinese also has a discount and guarantees for product something share holders don't get...