Media Thread, page-145

appreciate your detailed post mate but want to highlight a few things maybe overlooked

ore head grade for stage 1 will be closer to 3.2% as converting the hightest grade section of the core for this

average recovery has increased to 70 % from 60 %

TREO is 20% average

removal of shakers and its entire process from recent announcement bodes well for substantially better better capex that should result in better opex costs aswell

being in malawi we would have access to cheap hydro electricity and cheap labour making opex better than any another significant ree mine outside China

addtional capital would be insignificant compared to the assest in play and would easily be filled.internally or off takes which I would not really negotiate now based on ndpr oxide current prices

this reason why we are not at 60c p/s is due to ndpr oxide prices sliding significantly...


bauxite has been disappointing but they have said a feasibility study is being worked on and once things settle in guinea we should see movement in this front.

cheers KB