Ann: Quarterly Activities Report, page-163

Hello Simon ..
It’s good to hear your perspectives and I looked back at some relevant posts ...
You said something about Ken Brinsden saying Altura achieving 70% had been a special situation due to the ore it was working with, and that he had said those recoveries had been for a short time only.
But you say they were working with lower grade ore at the time?

The technical aspects of recovery rates ratio to spodumene percentage in ore are way beyond my ken and I expect someone like @johnwightman would be more able to address the issue ...

But I do know AJM management have put a lot of work and money into upgrading plant and fine tuning its processes....
It also added a night shift, one week in three from last August.
And that costs have come down as production has increased (close to nameplate levels ).

- all of that implies acceptable recovery rates?
But are you saying you think the figures might be dodgy ?

I know that, as Gascoyne Resources was going under, it suddenly announced an incredible gold find that pumped the price and had no follow through.
That was extremely ugly, and I guess a desperate company will do anything in desperate times but Altura has been in high level financing consultations for two months now - except for Christmas ....
if there was anything untoward about past recovery rates I am sure it would have been brought up.

Maybe I am being obtuse and missing the point ?

cheers