CDU 0.00% 23.5¢ cudeco limited

xstrata behind takeover preparation?, page-41

  1. 6,591 Posts.
    lightbulb Created with Sketch. 256
    Given that GlencoreXstrata are transitioning to a lean production model by cutting their contracts and becoming an out-and-out owner operator, it seems unlikely that they would (in the same breath) look at acquiring a project that has no ore reserve. Furthermore, the idea that Ernest Henry will "need feedstock for a depleting mine" needs to have a timeframe put to it. The mine has a life of a further 10 years, which could well outlast Rocklands given that Wayne has publicly stated that they don't want to produce at current copper prices.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.