You have no clues again.
The treatment plant has been improving recoveries to 80% to 90%.
The project has been processing tailings and low grade waste up to Jun 2023. This wasn't the main game.
The main game started in July when the first blast occurred. Production has increased since then.
There are four parts to the program.
1. Blasting the open pit material (hard rock). They have been adding more gear and plenty of material has been coming from the pit. The grade has been roughly as expected.
2. Crushing - There has been some issues with crushing and this is where the bottleneck currently sits. They are getting a new Sandvik crushing plant in the new year (as part of the original plan). This will increase the crushing capacity.
3. Ore Sorting - They have added ore sorters and probably more to come (once the crushing capacity increases). The 3rd machine has better technology than the 1st machine. It has been converting 0.2% grade into 2% grade.
4. Processing plant - the processing plant receives material from the slurry pipe and the ore sorters. At this point these two don't deliver enough to keep the plant full. Any shortfall is made up of tailings which is still probably 40%. As the crushing capacity increases, more hard rock will be processed through the plant and production will increase.
If Cronimet thought it was a complete disaster as you stated. I'm not sure they would have kicked in their equity at 50% premium to the current price.
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