I hold CRR and I’m considering buying more when I have cash. I...

I hold CRR and I’m considering buying more when I have cash. I really do want them to do well.

These results show an excellent grade and low iron. On that front it’s well above industry standard and they are correct that it could command a premium price.

Having said all of this, they have not reported their recovery levels. This process they have used may be producing an excellent concentrate, however if it has recovery levels that are very low then we have a significant problem.

As they haven’t reported it, I’m assuming the recoveries from their first testing were poor and they say at the end they are optimising it and considering other methods to get the best outcome. This will just take time to get it right. I’m glad they are making progress and I believe we will arrive at a better solution. Hopefully they arrive at the optimal processing method by the time we have all of our studies and permits done. This is a good start, but it’s not the end.