why is cdu only $1.66 ?, page-57

ozblue, CDU usually miss their estimates for the quarterly - by a large %.

Not usually as bad as the last quarter, mind you, when the forecast was $6m but the actual was $26m, a 100% error is more normal rather than 300%+.

So a $16m forecast could be anywhere between $10m and $65m+.

As they are not blending grades to make a DSO yet it is unlikely that there will be any sales or revenue in the remaining six weeks of this quarter. And depending upon how many months "OVER COMING MONTHS" means, as per yesterday's announcement, perhaps not the next quarter either.

And when they do finally ship the DSO it will include NCu, which is supposed to attract a premium price to concentrate, which premium will be lost when shipped as part of a 20% DSO. I can't see how a rush to DSO shipments really helps the economics of the mine, unless the $100m credit facility isn't forthcoming and cash becomes king.