CDU - Cudeco Limited

[doogie_goes_off]

Take a look at what's happening with old employee options with FMG - amazing $ being made by long term employees.:topic Dilution probably not such a big issue with their kind of resources.

 

[Sean K]

Amazing intersections.

100m @ 7% Cu, from surface.


ROCKLANDS GROUP COPPER PROJECT (CDU 100%)

• Pilot Scale Testwork from bulk sample to commence using HPRC technology at Amdel Mineral Laboratories in W.A.
• SAM (Sub Audio Magnetic) geophysics to be completed over the balance of the EPM not already completed in previous survey
• 300,000 metre RAB Bedrock Drill program over the EPM commenced this week balance of the EPM not already tested

SIGNIFICANT DIAMOND CORE AND RC DRILL HOLE RESULTS*
Holes are not necessarily drilled in numerical sequence
All intersections are down hole meterage assays.

Drill Hole DODH013 intersected 100m @ Cu equivalent of 6.87% fm 3m – 103m
Drill Hole LMRC278 intersected 41m @ Cu equivalent of 3.47% fm 55m – 96m
Drill Hole LMRC268 intersected 80m @ Cu equivalent of 2.15% fm 1m – 81m
Drill Hole DORC643 intersected 30m @ Cu equivalent of 3.20% fm 44m – 74m
Drill Hole DORC637 intersected 79m @ Cu equivalent of 3.14% fm 57m – 136m
Drill Hole DORC571 intersected 17m @ Cu equivalent of 1.09% fm 84m – 101m
Drill Hole DORC638 intersected 23m @ Cu equivalent of 2.36% fm 22m – 45m
Drill Hole DORC641 intersected 25m @ Cu equivalent of 3.10% fm 84m – 109m
Drill Hole DORC573 intersected 12m @ Cu equivalent of 3.23% fm 67m – 79m
Drill Hole DORC648 intersected 46m @ Cu equivalent of 2.89% fm 125m – 171m
Drill Hole DORC622 intersected 25m @ Cu equivalent of 3.03% fm 58m – 83m
Drill Hole DORC658 intersected 15m @ Cu equivalent of 4.66% fm 107m – 122m
**Drill Hole LMRC203 intersected 39m @ Cu equivalent of 3.17% fm 117m – 156m


Why haven't they progressed this further?

 

[S73417H]

CuDeco looks so solid. Waiting for some funds to come through on some other stocks and then I intend on upping my holdings. I just hope I don't miss the boat in the mean time

 

[DVEOUS]

Yes, I added this to my watch list only last week, and is a company to watch, IMO.
I thought they were a buy at $2.40 mark.

Miners are on the nose a bit, and CDU has eased back from over $3 on June 10.
It is a common opinion that the miners were getting a bit over priced at that June peak.

Ore stocks going sideways too.
Look at FMG... a great quarterly report released today, and only picked up 9c to close at $3.49.

 

[S73417H]

So whats up with CuDeco this morning? Seems to be busting out of the gates quite strong.

Looks like the instos might have been getting behind it in the past few days.

 

[Sean K]

Sometimes it's for no reason whatsoever.

Like the market jumping 4% in 2 days and the release of a 100m@7% Cu intersection.

No reason.

 

[skyQuake]

Its lagged the other miners a bit, so maybe just playing catch-up. Having said that, there's excellent resistance at $2.81, could be a decent short here with good Risk/Reward.

 

[oldblue]

CDU seem to be getting their ducks in a line with "spectacular" results from the latest test drilling at Rocklands and funds raised from the placement and issue to enable a Definitive Feasibility Study to proceed.

Anyone like to hazard a guess on the timing and nature of the next few steps?

Disc: Only an interested spectator at this stage.

 

[Sean K]

I'm sure there's no reason for the past months action either.


MARKET RELEASE 13th August, 2009
________________________________________________________________

ROCKLANDS COPPER PROJECT (CDU 100%)

- TWO SIGNIFICANT DEVELOPMENTS -

Confirmation Las Minerale mineralisation persists below 470m depth with intersection of abundant visible sulphides (chalcopyrite).

Deep drilling encounters second continuous zone of sulphide mineralisation (chalcopyrite), striking sub-parallel to Las Minerale, including massive sulphides.



Looks to be a significant deposit...

 

[johannlo]

This is going to be an exciting one. Been following it closely and have too many facts / figures swirling round my head to give a coherent summation but: unless there are a lot of porkys involved (always possible lol) then we are due a heck of a JORC.

Topped up today, banging my head that I didn't top up yesterday as I thought the retrace would be more than a pitiful 5% but oh well in it for the long run now.

I'll just revisit the MPS report from last year (which is of course 1 year old, adjust figures as you see fit). Bear in mind on 13/8 announcement came out indicating that we're likely to see very nice figures when (if? for the cynics lol) the JORC comes.... incidentally thats when the SP started rocketing past previous resistance, the big boys are definitely waking up to this now.

As for TA - everything pointing up (MACD, DMI/ADX, volumes), yesterday's piercing line candle confirmed w/ today's gap up, what's there not to like.

As always DYOR

LOW CASE:
Assumed Mining Reserve: 58 mill tons
Copper Price: $US2.04
Exchange Rate: 0.9
Aussie Dollar Copper Price $2.27
Valuation $8.34.

BASE CASE:
Assumed Mining Reserve: 86 mill tons
Copper Price: $US2.50
Exchange Rate: 0.95
Aussie Dollar Copper Price $2.63
Valuation $13.16.

HIGH CASE:
Assumed Mining Reserve: 86 mill tons
Copper Price: $US2.95
Exchange Rate: 0.95
Aussie Dollar Copper Price $3.11
Valuation $16.73

 

[Sean K]

Hooly dooly!

The grades and depths continue.


ROCKLANDS COPPER PROJECT (CDU 100%)

ROCKLANDS CONTINUES TO DELIVER SIGNIFICANT DRILLING RESULTS

NEW SUB AUDIO MAGNETS (SAM) SURVEY ENCOMPASSES THE WHOLE 2200Ha OF THE ROCKLANDS EPM

Significant Diamond Core and RC Drill intersections reported in Copper Equivalent (Cu eq). Details of individual Cu, Co and Au results from page 4.

Drill Hole ID

LMRC267 intersected 100m @ 2.48% Cu eq fm 41m – 141m
LMRC274 intersected 89m @ 2.07% Cu eq fm 0m – 89m
LMRC269 intersected 78m @ 1.94% Cu eq fm 1m – 79m
LMRC272 intersected 88m @ 1.93% Cu eq fm 6m – 94m
LMRC273 intersected 78m @ 1.62% Cu eq fm 4m – 82m
LMRC276 intersected 48m @ 3.13% Cu eq fm 25m – 73m
DORC644 intersected 9m @ 2.75% Cu eq fm 151m – 160m
DORC655 intersected 43m @ 1.95% Cu eq fm 5m – 48m
DORC653 intersected 86m @ 1.20% Cu eq fm 16m – 102m
DORC650 intersected 20m @ 1.42% Cu eq fm 78m – 98m
DORC660 intersected 24m @ 1.02% Cu eq fm 201m – 225m
LMRC263 intersected 34m @ 1.96% Cu eq fm 0m – 34m
LMRC275 intersected 27m @ 1.33% Cu eq fm 12m – 39m
and 10m @ 2.46% Cu eq fm 84m – 94m
**LMRC204 intersected 38m @ 1.37% Cu eq fm 101m – 139m
and 45m @ 1.01% Cu eq fm 144m - 189m
LMRC277 intersected 72m @ 1.06% Cu eq fm 14m – 86m
Page 2 of 15
**DORC571 intersected 17m @ 1.13% Cu eq fm 84m – 101m

 

[doogie_goes_off]

This is Australias best Copper prospect not in production. It's getting bigger. The shares are getting harder to buy. Copper has been bullish for a couple of months. Mine payback should be quick. $13.16 did not seem like an unreasonable valuation (see post below 19 Aug) albeit longer term copper may be $2-2.50. Probably will have high infrastructure cost (rail??). Anyhow I can't see a reason to get out. RXM's hillside project has better location, but grades like this can make anything pay.

 

[freebird54]

This is Australias best Copper prospect not in production. It's getting bigger. The shares are getting harder to buy. Copper has been bullish for a couple of months. Mine payback should be quick. $13.16 did not seem like an unreasonable valuation (see post below 19 Aug) albeit longer term copper may be $2-2.50. Probably will have high infrastructure cost (rail??). Anyhow I can't see a reason to get out. RXM's hillside project has better location, but grades like this can make anything pay.

"harder to buy" - without a JORC?

Great website for information - We have seen more holes than on the biggest swiss cheese;-)

I trade them - not holding today

 

[doogie_goes_off]

They have a JORC compliant resource, it is significantly out of date. They are going to feasability and doing a JORC resource at the same time. DYOR.

 

[doogie_goes_off]

Let me rephrase, harder to buy at a low price (minor bull run with copper price and results). Does that clarify enough?

 

[plankton]

Trading Halt called this morning

Wonder whats the news?

flibber flob bob arrrchoo for the minimum

 

[Sean K]

Trading Halt called this morning

Wonder whats the news?

flibber flob bob arrrchoo for the minimum

plankton, when a company comes out with a trading halt, you can actually go to their own announcement to the ASX and see what it might be.

Significant exploration results for CDU these days actually really mean significant exploration results....

(please don't pad posts again to make the limit)

 

[Prospector]

So lets hope that significant exploration results means significant GOOD exploration results and not significant BAD exploration results. You think they could just slip the + or -ve direction in there, wouldnt you!

 

[plankton]

cheers Kennas

I was sitting here in my 20min delayed news feed timewarp and thought i'd bump the thread to get a bit of a discussion going

Apologies for the padding and agree hope its good!

 

[doogie_goes_off]

CDU have taken a caning over the last 2 days (classic bubble I assume) or just following the margins on the copper price (weaker). Anyone prepared to speculate on this as a buying opportunity or can the chartists see further to fall??