Yeah there’s definitely a lot of guess work. I’m more or less assuming they ‘high grade’ the high grade zone and there’s some 15-20% dilution so land at a 2% feed grade. Ie no uplift from the ore sorters.
I spoke with the company maybe 6 months ago re the ore sorter - he said they only put around 35% of mined material through the ore sorter (can only take a certain sized material) and they typically reserve it for when they bulk mine low grade areas - said it gets rid of around 50% of waste, works on rock density. So I really don’t know how it works so have ignored and left as upside.
MLX Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
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