One of the key complaints that I have with the way the development of Rockland's has been managed has been the constant spruiking of all the shallow, high-grade mineralisation, and the failure to turn that shallow high grade rapidly into cash flow. Early cash flow is the lifeblood of any resources project's NPV. CDU shareholders have been continually told that the deposit holds enormous potential for realising early cash flow - coarse native cu, high grade massive sulphides, gold at Wilgar... And yet the mining, processing and sale of this material has been deferred for years while the old guard spruiked their bigger than Ben Hur execution model. I just seems like such a sorry missed opportunity.
CDU Price at posting:
$1.24 Sentiment: None Disclosure: Not Held