Maquarie weighed in on the metallurgy this AM:
Chalice Gold Mines' metallurgical test work has shown palladium and platinum recoveries of 86.3% and 73.9%, presenting upside to the broker's 75% base case assumptions. Copper and nickel concentrates were also encouraging, with results on cobalt pending.
Demonstrating that saleable copper and nickel concentrates can be produced is a key positive for Chalice, the broker suggests. Metal recovery rates were higher for palladium, gold, and copper but lower for nickel compared to the broker's base case assumptions.
Although I edited it because of paywall/copyright, that's the scoop on CHN's first(?) serious metallurgical efforts -- so, as mentioned above, once the process is further refined (pun intended) the recoveries will improve. They slap an Outperform with a $5.40 target. I'd like to know what PoG they put on it two or so years hence when CHN becomes a producer?
OV
PS Hattip to dradam, MUCH appreciated!
Maquarie weighed in on the metallurgy this AM:Chalice Gold...
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