ADV 3.57% 13.5¢ ardiden ltd

Ann: Maiden JORC Resource Completed For Seymour Lake Updated, page-32

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  1. 23 Posts.
    At best SYA have a 1.08% grade with an average Head Grade of 1.00% minimum 0.088%
    they are about 300klms from Ardiden further from main Infrastructure They have No off take arrange due to a low Grade ore at the moment.
    their Recovery rate from memory is about 70% compared to ADV that is much lower Compared to GXY and others a fair bit better.
    also we have multiple resources ,
    Im not bagging out SYA but for people to say we are worse off then them is utter BS .
    for one we have a customer we have a high Quality supply we will increase our tonnages.
    the SP speaks for that itself SYA 1.2 ADV 1.9
    SYA have tonnages 13 ml so why does the market not like them.....poor grades ....
 
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