WT>>>>>>>>>>>>>>>Thanks for the lesson. I'm glad you aren't charging me
Let me explain it again if you didn't get it....
In summary,
the Company said it had 27.6 Mt of ore which contained product
Then company after being forced to restate its ore reserve statement now says, opps, we only have 11.6 MT
(see below from company announcement..) that's 58% LESSSSSSSSSSSSSSSSSSS
Yes it can mine it, where did I say it couldn't.................but they have 58% LEEEEEEESSSSSSSSSSSSSSSSSS
And I said that disgraceful but picked up by many
And I said if they want the chunck of ore back with cobalt in it etc, then it will need more capital to change plant etc...........
And I said that of the 44% they have left after restatement, it is based on ex and current employees inputs, and the budgets and forecast have never been accurate
Its pretty simple
If you don't understand that nothing I can do
Reserves proved and probably are irrelevant to my statement above
CDU Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held