AOH 0.00% 12.0¢ altona mining limited

valuation, page-118

  1. 46,664 Posts.
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    Hi Mic - Your getting a bit technical on me there - If you at the schematic I posted of the CDU plant it appears they have gone to quite a bit of trouble to process the NCU at the front end of the ore feed. They did 2 bulk tests and I think the second one was 30 or 50 ton and the recovery rate was 98% supposedly.

    The primary crusher is on site and being erected now and the primary plant is on its way from china and the expect to be in production by Q1 next year- They will have spent upwards of $300m on it so its an expensive exercise if the primary plant cant replicate the bulk test results.

    I guess we will all know if its real or smoke and mirrors early next year.

    hOOt
 
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