jantimot is a clever chap and clearly has some experience in the field. He has asked the right questions to date but unlike the rest of hasn't lived and breathed this story over the past 3-5 years.
jantimot if you want to catch-up pay particular attention to Charlie123 and Process contributions...they have indepth industry knowledge and stronger technical understanding of the unorthodox nature of Rocklands' ore body.
The equation to me from this point is quite simply:
If finance deal is done +$4.00 (+30% premium) then 'inhouse' data and to lesser extend bulk samples are what parties see as mining grade....+$10 PT before mining.
If finance is done at current or discount levels to $3.09 then JORC is being seen as more than just a EIS compliance requirement....PT $5 on mining.
CDU Price at posting:
$3.09 Sentiment: LT Buy Disclosure: Held
