CDU 0.00% 23.5¢ cudeco limited

total revenue for rocklands $us17.8 billion, page-100

  1. 30,924 Posts.
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    38trader, I think you are the one who is confused. You say that "according to the "true and accurate" JORC estimate, the ore contains roughly 2% copper __by value__"

    No, it doesn't. It contains 2% copper by weight. The % are weight percentages. I simply do not believe that the MM picked up a 52kg nugget, plain and simple. Have you tried picking up 52kg? And nuggets usually have sharp bits all round. If he didn't have heavy duty gloves on, he wouldn't be chatting about 2% etc., he'd be hurting like hell.

    Ironpony, I sold the next day. There was something I couldn't quite put my finger on with what people were saying, and had a bad feeling about the whole thing, so in that respect the mine visit saved my bacon. But the amazement of the group-think, as hoots put it, never left me and I couldn't be sure enough that I could be so lucky again.
 
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