I think some of the recent drilling was in the titanium rich areas of the deposit, and when the results get plugged in we might see more details how they get to the $2.40 credit..
But yes it has been raised previously that details on this figure were lacking in the BFS, but it hasn't been further explained by AVL. I believe they have done pilot test work to determine recoveries so the figure I don't think was plucked from thin air, but I don't think they provided satisfactory explanation/calculations for $2.40 off their OPEX in the BFS and I don't think anyone argues against that.
It's a hole they need to fill in with the new drilling and an update to the BFS.
AVL Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
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