Another VERY important point that investors are glazing over is the grade and recovery BFS and operational assumptions.
Grade: Well publicised that grade is going to be below teh BFS 1.3% head grade, lets say 1.2% for arguemenst sake
Recovery: So far indiactions are Cu recovery will be ~90% for the sulphide ore vs 83% for BFS
If you use the operation parametres of 1.2% Cu grade and 90% recovery the out put numbers and cost assumptions will be as per the BFS. CF know this, so keep eyes on Cu recovery
DML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
