Their current recoveries are horrendous TBH. 60% vs 80/85% is just very bad. They said they planned to improve them from last quarter but barely did. So there are 2 possibilities. The stockpile that they have is over-rated in regards to silver content (which is 50/50 possible) or since they have left it for so long a lot of the silver and gold content has settled towards the bottom due to recent weather events.
If we see much improved silver and gold prices in the next 3 months it could be the best of both worlds if that 50/50 comes in favour of us.
If @Gratton44 has knowledge of that ore that could help improve efficiencies he should make a call and visit to headquarters I think. With their current extra knowledge the past owners didn't have they are managing -15% efficiency on the same ore! Sandbagging or reality? There is no point in silver and gold flowing over the edge if it can be helped.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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