I'm not saying a flotation process is a sure thing for Adina, but the met test results from late last year really are not particularly impressive when compared to other deposits.
Of course, the next round of met test may show better results (particularly once they introduce met test samples across the entire deposit rather than just from one area). Perhaps the sample used last year was not representative of the geology elsewhere at Adina.
.Either way, in this market, it seems clear that economics are crucial (check out what happened to GL1 with their scoping study showing they'll need flotation and hence the $430m capex bill). GL1 has 50MT resource and even with this much tonnage, the market has smashed them (which is likely due to the flotation and Capex issue IMO).
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