1MC 0.00% 0.3¢ morella corporation limited

Ann: Quarterly Activities Report, page-162

  1. 3,408 Posts.
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    Hi Sabine - on a different forum!

    I don't follow AJM closely, but read the qrtly and have skimmed the comments above. I may have this wrong, however, it seems to me that AJM were reporting recovery at 65% for the June 19 qrt with a 1.1% LiO2 ore and reported that recoveries peaked at 70%. I thought this was very impressive at the time (especially as others were/are struggling so much with recovery).

    However, last qrt they didn't report recovery ... then this qrt AJM states that recovery has "improved" to 63% from 1.21% ore ... up from 58% in the previous qrt. Given how they were going 6 months ago with lower grade ore and their DFS targets, that looks disappointing to me. Leaving the numbers out of the last qrtly doesn't impress me either.

    So just a heads up, leave it to you to investigate further if you wish. Please let me know if I've read things wrongly.

    Cheers, Simon
 
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