...Sounds like they got some crappy results on the metallurgy testing. Was always going to be hard as Cobalt is usually a bi product. It's a credit for a copper or nickle mine.If recovery rates under 50% then it's a struggle to make it stack up with a cobalt price under $60k/t. Especially with 0.11% cobalt and minimal credits from other metals.
Message is clear....Stop drilling, get the metallurgy right, wait for Cobalt price to recover.Was hoping they'd come back with recovery rates over 70% but that's the gamble.
Ann: Opuwo Project Update and Board Changes, page-69
-
- There are more pages in this discussion • 531 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $19.52K | 1.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 715668 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1463820 | 6 |
View Market Depth
| Last trade - 15.58pm 18/10/2024 (20 minute delay) ? |
| CLA (ASX) Chart |