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clock Created with Sketch. 31/10/17
13:14
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Originally posted by Nikec
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A lot of mixed information.Some good some bad.To recap (By October 2017, 60 tonnes per hour Tank Leach throughput was being achieved with stable operation (20% higher than nameplate capacity). - Further actions are being taken with a goal to achieve 70tph throughput by 2018. Successful initial trial of ‘Fines Optimised Heap Leach’ is now evaluated with a view to installing a 30tph trial plant Cobalt not being ruled out yet..
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Good that they've fixed most things however you're right about production being impacted with mining ceased. Also that 200m USD debt is way too high. Let's see what the recapitalization does there. Expecting a heavily discounted CR and potential consolidation.
