Over 10,000 tonnes at .3%. That’s 30t contained tungsten in ore to produce 5.5t of tungsten in concentrate. By my calculations that is a ~18% recovery rate. I know it’s a new plant ramping up, but it’s a 100m+ state of the art plant, I expected a starting basis for fine tuning a lot closer to the planned 78%. Unlike EQR who ramped up at a (sometimes frustratingly) slow pace G6M are going to be burning through cash from the start. They are paying nearly twice the cost of power, have a strip ratio nearly 4 times higher, no X-ray sorters removing ~90% of ore as waste, no quarry on the side and have a fifo roster and camp to maintain.
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Over 10,000 tonnes at .3%. That’s 30t contained tungsten in ore...
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