LPD 0.00% 0.2¢ lepidico ltd

Pilot Plant Test Run, page-45

  1. sqe
    6,939 Posts.
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    From the last quarterly (http://www.lepidico.com/wp-content/uploads/2019/04/LPD-190429-Quarterly-Activities-Report-and-Cashflow.pdf) dated 31st March 2019

    https://hotcopper.com.au/data/attachments/1594/1594706-d1745f05702d7c392f1b420bb127a9ec.jpg
    So the plan in March, was that the leach circuit would be activated Late May. 'Activated' and 'Operated' are two different things.

    From Joe Walsh's comments at his Melbourne presentation, he implied things might be pushed back a week. Comments from the pilot tour indicated possibly an additional week of slippage. A few weeks slippage on a 9 month plan is pretty reasonable.

    Investors have high expectations on this pilot. Myself included. I expect to see yield > 85%, and purity > 99.5%. I'm sure others have equally high expectations. I would rather see things were tweaked now, and wait a few extra weeks for news flow. If no news before end of month, I'd be disappointed.
 
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