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clock Created with Sketch. 21/11/17
13:55
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Originally posted by charliefoxtrot
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Its about time these guys gave realistic guidance. understand they are fighting a bid, but to extrapolate test recoveries from one ore type in the lerokis deposit and then use current operating costs to 'assume' cash flow is misleading. It ignores the other ore types and lower recoveries that make up the deposit, any capital requirement at lerokis and higher operating costs associated with a deposit that is 12km away from kali kuning.
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IMO, there is nothing wrong with the game being played so far. EFDL have put their cards on the table and FND will do so in a fortnights time.
(20min delay)