Hi Sparecash,
To be honest I dont actually believe the recovery is 87%.
WKT has processed all of the 12k tonne stockpile that was at the Fine or bin.
to calculate the volume of graphite WKT should have produced from this stockpile based on all know figures from todays announcement
12k tonnes stockpile @ 13-14% TGC graphite ore being processed and using the so called 87% recovery,
WKT should have produced 1357 tonnes of finished product. Where is all the graphite?
I think you get my point, it smells a little off doesnt it?
Can you please post that tweet of mikes showing the 17k tonnes of graphite with 19% TGC ore, I am trying to work out how this grade dropped to 13-14% TGC
Anyway here is another error from todays announcement Have you worked out how WKT claims the graphite ore is "free dig" yet thet completed a recent blast to liberate the high grade ore.
@Stirer you are reading that wrong, WKT needs to find US$2 mil in additional security to gain the extension to the loan.
If they pay gemcorp US$5mil, they will no longer have to give Gemcorp the 30% of the free cash margins after the debt is repaid. The IRR report suggested Gemcorp would have received US$20mil over the life of the agreement.
Why would they take US$5 mil before 2026?
Hi Sparecash,To be honest I dont actually believe the recovery...
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