Quietly achieving milestones necessary for the BFS. Todays announcement confirms significant reductions in OPEX and CAPEX in comparison to the PFS previously announced. Completion of the beneficiation testing via the pilot plant should increase REO concentrates from 16.3% in the previous PFS to 30% up to 50%.
Huge cost savings plus huge increases in recovery rates is starting to make this a no brainer at 6.5 cents.
Ann: Peak commences Beneficiation Pilot Plant, page-2
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