(Replying to KingofWar)
FME recoveries not being up to market standard is a bit of a myth no? Its a story I keep hearing when people talk about FME but I'm not sure its entirely true.
PAN initial testwork achieved 82% recoveries which produced saleable bulk concentrate grades of >200g/t PGMs. PAN were more focused on nickel and also PGE prices were shit at the time so they didn't follow up. See snippet below from investor pres June 2021 which is based on PANs work:
Furthermore, the above outlines greater recoveries as g/t decreases - I believe we should be optimistic about seeing recovery rates increase given the bulk tonnage approach? I agree that this perceived recoverability 'issue' is what is weighing us down. However, if this imminent MRE is big enough the recoverability 'issue' wont be much of an issue because we will be sitting on so many ounces... Keep in mind Brian Talbot is an expert in this field so we are well placed to see recoverability increase and these concerns nullified.
See below current recoveries of CHN which outlines similar recoveries for PGE:
I'm no metallurgist but the information available debunks this recoverability issue?
(Replying to KingofWar)FME recoveries not being up to market...
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