re: Ann: Excellent Results from Ore Sorter Te... We have a commodity whose price is at historical highs and according to most economists will not be abating anytime soon. Can anyone explain to me what the latest announcement says?? It is very technical and the management are "very encouraged by the results of the ore sorter trials". I guess that means we, as sharholders, should also be "encouraged". What I was hoping to find out was:
(1) Are the grades of the stockpiles good bad or indifferent?
(2) What are the grades of the tailings and when will we find out the lab analysis of these tailings.
(3) When will we be able to start treating either the stockpiles or the tailings - timeframe required?
(4) What is the cashflow implications of the Ore Sorter Results?
(5) When is the "further drilling of the orebody planned" and how long will results of this drilling take?
(6) Why would 12mt of of mineralised rock which is in the stockpiles provide feed for re-treatment for six years? Is
our production facility that slow or is 12mt that big?
(7) When does treatment of the tailings begin and what will the implications be on our cashflow from that.
(8) Are we close to signing up an offtake agreement or will be diluted still further with another capital raising? Or will it be a bit of both?
It seems to me this announcement has created more questions than answers. Nonetheless I remain "encouraged"?
Stumpy.
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