They said in the "Declares Commercial Production" announcement (28th March) that two of the fixes associated with the under recovery of Lithia were in place.
March Qtr was still in the ramp up period, and at the end of March we were at 50% approx. recovery rate compared to 75% targeted rate.
So there is a delay.
Looking at the Recovery curve it appears that we were at around 60% in the Jan/Feb period prior to dropping back to 50% in March, so I would expect that we get back to 60%+ quickly due to the two fixes mentioned above.
The company says that getting to 75% involves equipment modifications and will take until Dec 2019.
I would hope that the company communicates in detail and regularly with the market regarding progress. This should help protect the share price.
And remember the Partnering Announcement is due mid year !!
Who's ready for the average March Quarterly ?, page-4
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