Media Thread, page-146

appreciate your detailed post mate (thanks) 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 (depends on the strip ratio and cut-off grade to future low-grade stockpiles... there is some very nice grades in some holes, might bulk out lower into a low strip mining inventory though?)

average recovery has increased to 70 % from 60 % (no, you are conflating con TREO% grade with TREO recovery to con. As per below from April'23 Euroz report, LIN was guding an uplift from 70-80% recovery... but failed to achive it)


TREO is 20% average (sorry, you are getting mixed up soemwhere? Ore Feed is 2.5-3.5% TREO, con is 55-68% TREO)

removal of shakers and its entire process from recent announcement bodes well for substantially better better capex that should result in better opex costs as well (maybe a little, but what about the entirely new an unexpected strontium and barium carbonate removal process?)


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 (let's see how 'cheap' it is in the FS.... then how expensive it actually turns out lo. Seriously though, much rather be mining in Malawi than nose-bleed expensive WA)

addtional capital would be insignificant compared to the assest in play (tell me again it's insignificant if LIN need to raise US$20M @ 10c...) and would easily be filled.internally or off takes which I would not really negotiate now based on ndpr oxide current prices (time will tell, but market looks to be setting LIN up for a cheap re-fill after talking profits with 'confidence' there will be a cheap equity CR opportunity imho)

this reason why we are not at 60c p/s is due to ndpr oxide prices sliding significantly... ( def not helpful, fwiw I proposed additional reasons like nasty surprises in the soon to be released FS, but again time will tell)

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. (shareholders need movement before Kanag Stage 1 funding, not afterwards...)

Cheers, GLTAH