CDU 0.00% 23.5¢ cudeco limited

@Bloomberger this is quite funny............ " If the price of...

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    @Bloomberger this is quite funny............

    " If the price of copper drops the Reserve can decrease. Reserve is based on the parameters you are going to mine for a set period and a set pit design based on current metal prices."

    So in December 2015 the price of copper was around $US 2.10/lb but in December 2017 the Cu price is around $US3.20/lb. So despite a nearly 50% increase in the price of Cu, instead of increasing the reserve as per your statement above, they have decreased it by 58%.

    How does this make sense??
 
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