It is PR of old data..
Refer to page 17 of "Ann: North American Conference Presentation" from 22/06/22.
The thing about this data, which you may have missed, is the grades are the same as HIO who have ~$300m market cap.
HIO have a recovery rate of about 15%
We have a recovery rate that is about 35%.
HIO need to process almost 7 tonnes of ore to produce 1 tonne of concentrate.
We have to process 3 tonnes of ore to produce 1 tonne
HIO have to grind down to about 30 microns.
We have to process to about 75 microns.
HIO have to pay their staff about $150k per year.
We have to pay our staff about $20k per year.
The impact on the commercials of each operation is more than significant.
AKO General Discussion, page-152
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